Report: Trump promised to scrap climate laws if US oil bosses donated $1 billion
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CyberArk makes bold move with $1.54 billion acquisition of Venafi
CyberArk said on Monday it will acquire cybersecurity firm Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion. The firm will acquire Venafi in a combination of $1 billion in cash and around $540 million in stock, and expects the deal to close in the second half of 2024. CyberArk has seen its share price climb by over 60% over the past year, reaching a market cap of around $10 billion. Venafi is expected to add around $150 million in annual recurring revenue and will...
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CyberArk to Buy Thoma Bravo-Backed Venafi for $1.5 Billion
(Bloomberg) -- CyberArk Software Ltd. agreed to buy Venafi, a cybersecurity company backed by private equity firm Thoma Bravo, for $1.54 billion.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeEbrahim Raisi, Iranian President Confronting West, Dies at 63Saudi Crown Prince Postpones Japan Trip Over King’s HealthChina’s Housing Rescue Too Small to End Crisis, Analysts SayCyberArk, based in Israel...
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Snapchat Aims to Spend $1.5 Billion Per Year on AI
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition that we’d fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Evan Spiegel said in an interview with Bloomberg News published Sunday (May 19). […]