Thoma Bravo buys anti-malware firm Sophos for $3.9 billion
Credit:
Neowin
Thoma Bravo has completed its acquisition of the cybersecurity firm Sophos. The acquisition sees Thoma Bravo pay $3.9 billion as a cash transaction. Negotiations between the two companies have been on-going since October 14, 2019, when the acquisition offer was first announced.
The private equity firm will pay Sophos stockholders $7.40 per share under the agreement which represents a 168% premium on its IPO share price in June 2015. With the news, Sophos’ common stock is no longer being traded on the London Stock Exchange. According to Thoma Bravo, Sophos’ stockholders voted to approve the deal on December 3, 2019.
