Proofpoint, the Nasdaq-listed cybersecurity firm, is being acquired by private equity giant Thoma Bravo for $12.3bn. The all-cash deal will take Proofpoint off the stock market and make it a private company again. Its current market cap is around $9.9bn, making for a noticeably higher offer from the investment firm. “We believe that as a private company, we can be even more … [Read more...] about Cybersecurity firm Proofpoint to be acquired for $12.3bn
M&As
Keywords Studios snaps up another game developer
After a year jam-packed with acquisitions, Keywords Studios has added another game development company to its list of purchases. The Dublin-based company has snapped up UK-based game developer Climax Studios, which is known for its work on the 2004 game Sudeki, and the 2007 and 2009 survival horror video games Silent Hill: Origins and Silent Hill: Shattered Memories. Keywords … [Read more...] about Keywords Studios snaps up another game developer
UK to probe Nvidia’s takeover of Arm on national security grounds
The UK government has intervened in Nvidia’s $40bn takeover of Arm, citing national security concerns. The Public Interest Intervention Notice was issued today (19 April) by digital secretary Oliver Dowden from the UK’s Department for Digital, Culture, Media and Sport. It said that Dowden “is intervening in the sale on national security grounds”, though the notice did not … [Read more...] about UK to probe Nvidia’s takeover of Arm on national security grounds
Cork-based BRI acquired by Ørsted in onshore windfarm expansion
Danish power company Ørsted has turned its focus to the European onshore windfarm market with the acquisition of Cork-headquartered Brookfield Renewable Ireland (BRI). The leading energy company in Denmark has entered into an agreement to acquire 100pc equity interest in BRI’s onshore wind business for €571m, though the final price will be subject to customary adjustments. BRI … [Read more...] about Cork-based BRI acquired by Ørsted in onshore windfarm expansion
One Irish multinational is in the top five giants buying up AI companies
According to GlobalData’s deals database, five companies dominate when it comes to AI business acquisitions. Four of these companies are US tech giants, with Apple leading the pack and Google, Microsoft and Facebook following behind. The other company in the top five is Accenture, the Irish multinational providing consultancy and professional services to businesses … [Read more...] about One Irish multinational is in the top five giants buying up AI companies