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
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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.”