back to article Private equity suits at Thoma Bravo pull out of Darktrace acquisition

US private equity investor Thoma Bravo has pulled out of its planned takeover of Darktrace, causing shares in the UK cybersecurity company to plummet. London-based Darktrace revealed it was in early discussions with Thoma Bravo about a possible takeover last month, but confirmed on Thursday "an agreement could not be reached …

  1. An_Old_Dog Silver badge

    "Mistiming" of revenue recognition

    ... is a fraudulent way increasing a company's stock price.

    1. iron Silver badge

      Re: "Mistiming" of revenue recognition

      On reading about the restated revenue I immediately thought "they pulled out because it smells like Autonomy."

      Oh and look who's involved.

    2. wyatt

      Re: "Mistiming" of revenue recognition

      Oh look, an accountant found your dodgy reporting. Don’t pass go.

  2. Lars Silver badge
    Coat

    From the article - "Dark Trace said the net impact of the..."

    Is there really a guy named Dark Trace.

    And Avast is Czech and based in Prague, and AVEVA is already to 60% owned by Schneider Electric.

    Quoting the Wikipedia:

    "On 1 March 2018, AVEVA agreed to merge with France-based Schneider Electric's industrial software business.[22] Schneider Electric became the largest shareholder with a 60% ownership interest.

    PS. If you look for Avast on Wikipedia you find no such information. You have to use a differen language to get the information.

  3. Ken Moorhouse Silver badge

    causing shares in the UK cybersecurity company to plummet.

    Good time to get in there...

    DYOR

  4. VoiceOfTruth

    Revenue vs profit

    -> $415.5 million in its fiscal 2022 ended 30 June. It posted a $1.46 million profit, compared with a $146 million loss last year.

    That's 0.3% profitability. Sure, they have curbed losses compared with the previous year, but prior earnings are no guarantee about the future. But 0.3% is hardly beating-the-doors-down level of excitement.

  5. EnviableOne

    Brexit delivering Global Brittan

    Things keep going this way, and the entire country will be owned by foreign investment.

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