Thoma Bravo makes US$2.4 billion play for Ping Identity

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Thoma Bravo makes US$2.4 billion play for Ping Identity

Deepens cyber security bets.

Private equity firm Thoma Bravo is buying Ping Identity for US$2.4 billion (A$3.45 billion), deepening a bet on the cyber security sector that has been one of the big winners of the pandemic. The deal values each share of Ping Identity at US$28.50, a premium of 63 percent to the last closing ...

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