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Cybersecurity

Darktrace Shares Drop 33% After Takeover Talks Collapse

  • Thoma Bravo failed to agree on final terms of the offer
  • Darktrace uses AI to check for hacks and suspicious data leaks
Updated on

Shares of Darktrace Plc tumbled as much as 33% after US private equity firm Thoma Bravo said it did not intend to make a takeover offer for the cybersecurity firm.

London-based Darktrace revealed it was in early discussions with Thoma Bravo about a possible takeover last month, but said on Thursday that “an agreement could not be reached on the terms of a firm offer.”