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Vista Seals $1.5 Billion Deal for Software Firm Blue Prism

  • Private equity firm aims to merge it with Tibco Software
  • Deal is latest in flurry of sales of British companies
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Private equity firm Vista Equity Partners is to acquire automation software developer Blue Prism Group Plc for about 1.1 billion pounds ($1.5 billion), in yet another takeover of a U.K. tech company by a foreign buyer. 

Blue Prism recommended Vista’s bid of 1,125 pence a share in a statement Tuesday. The offer represents a premium of about 35% to Blue Prism’s closing price of 832 pence on Aug. 27, the last full trading day before takeover interest became public.