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Theregister

Log us out: Private equity snaffles Lastpass owner LogMeIn

By John Oates 18 Dec 2019 at 19:12

Remote access, collaboration and password manager provider LogMeIn has been sold to a private equity outfit for $4.3bn. A consortium led by private equity firm Francisco Partners (along with Evergreen, the PE arm of tech activist investor Elliott Management), will pay $86.05 in cash for each LogMeIn share – a 25 per cent premium on prices before talk about the takeover surfaced in September...

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