Ping Identity to be bought by Thoma Bravo for $2.4 billion
Authentication software firm Ping Identity said on Wednesday it would bought by tech investment firm Thoma Bravo for $2.4 billion.
Thoma Bravo will offer $28.50 for each share of Ping Identity, representing a premium of 63 per cent to the company’s last closing price. The offer has an equity value of $2.4 billion, according to Reuters calculation.
The enterprise value of the deal is $2.8 billion.
