Home >> Linux >> Kape Technologies Agrees to Buy ExpressVPN for $936 Million

Kape Technologies Agrees to Buy ExpressVPN for $936 Million

Kape Technologies Plc agreed to buy ExpressVPN in a $936 million deal that will more than double the cybersecurity company’s customer base and expand its tools for private web surfing. Bloomberg reports: Kape will pay $354 million in cash when the deal closes and the equivalent of $237 million in shares, which can be sold after a 24-month lockup, the company said in a statement on Monday. Another $345 million in cash will be paid in two installments, 12 months and 24 months after the close. The deal still needs approval from regulators.


Read more of this story at Slashdot.

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