Kaseya Ltd. has agreed to buy software maker Datto Holding Corp. in a deal valued at about $6.2 billion.
The offer of $35.50 per share represents a 52% premium to Datto’s stock price of $23.37 as of March 16, the company said in a statement on Monday. The all-cash transaction will be funded by an equity consortium led by Insight Partners Inc., with investment from TPG Capital and Temasek.
Last month Bloomberg reported that Datto was exploring strategic options after receiving takeover interest.
Read more: BNN Bloomberg
