TechCrunch
Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion. A newly-formed entity called Luke Bidco Ltd, formed by private equity giant Thoma Bravo, has tabled an all-cash bid of $7.75 (£6.20) per share, which represents a 44% premium on its average price for the three-month period ending April 25. Founded out of Cambridge, U.K., in 2013, Darktrace is best known for AI-enabled threat detection smarts, which uses machine learning to identify abnormal network activity and thus attempts at ransomware attacks, insider attacks, data breaches, and more.