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The Guardian - UK
The Guardian - UK
Business
Rob Davies

Cybersecurity firm Darktrace agrees $5.3bn sale to US private equity business

Darktrace logo on a smartphone.
Thoma Bravo made a cash offer that values Darktrace at $7.75 a share, or about 620p. Photograph: Pavlo Gonchar/SOPA Images/Rex/Shutterstock

The Cambridge-based cybersecurity and artificial intelligence company Darktrace is likely to become the latest British technology champion to be swallowed up by a US suitor, after it agreed a $5.3bn (£4.2bn) sale to US private equity business Thoma Bravo.

Darktrace, whose co-founding investor Mike Lynch is now on trial for fraud and conspiracy in the US, agreed to an offer 44% higher than its average share price over the past three months.

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