Cybersecurity firm Darktrace confirms preliminary approach from Thoma Bravo


FILE PHOTO: A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in a photo illustration in Paris April 15, 2014. REUTERS/Mal Langsdon/

(Reuters) -British cybersecurity firm Darktrace Plc said on Monday it was in the early stages of discussions with tech investment firm Thoma Bravo regarding a possible cash offer.

Darktrace said the discussions were at a preliminary stage and there could be no certainty of an offer or its terms.

As per the City Code on Takeovers and Mergers, Thoma Bravo has until Sept. 12 to announce a firm intention to make an offer or say it will walk away.

Thoma Bravo declined to comment.

(Reporting by Rachna Dhanrajani in BengaluruEditing by Matthew Lewis and Rosalba O'Brien)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Tesla shows latest robot prototype with opposable thumbs
TikTok to partner with TalkShopLive for U.S. live shopping - FT
Shangri-La hotels customer database hacked
Musk's advice to younger self: 'Stop and smell the roses'
Australia's Optus says 'deeply sorry' for cyberattack
My anxiety meter runs hot; VR meditation helped me relax
Crypto lender Celsius not seeking payments for outstanding loans
The big picture: US space scientists build world’s largest digital camera
How to get more value from your smartphone
Amazon's Alexa to provide basis for voice assistant in BMW cars

Others Also Read