Private equity firm Thoma Bravo said today it plans to buy UK-based cyber-security giant Sophos for $7.40 per share, for a total value of $3.9 billion, both companies announced today. From a report: The sale price represents a 37% premium on the Sophos market trading price, as recorded on Friday, at the end of the trading. The Sophos board of directors said they plan to “unanimously recommend” the acquisition offer to their shareholders. Before today’s announcement, Thoma Bravo acquired a minority stake in McAfee last year and was rumored to be interested in buying the whole company. It is unclear how today’s Sophos acquisition will impact plans to buy McAfee, but the two companies — Sophos and McAfee — are classic rivals on the cyber-security market and share a product portfolio, so the door seems to have closed on the McAfee deal.
of this story at Slashdot.
Source:: Slashdot