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Thoma Bravo to buy Coupa Software for $6.15 billion amid tech slump

Newsroom Editor by Newsroom Editor
December 12, 2022
in Tech
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Rob Bernshteyn, CEO, Coupa Software

Scott Mlyn | CNBC

Coupa Software said on Monday it will sell itself to private-equity major Thoma Bravo for $6.15 billion in cash, calling the deal the “optimal path forward” as broader economic uncertainty hammers technology stocks.

News of the deal sent Coupa’s shares up 27% in premarket trade, after a more than 60% drop in the year so far.

Coupa will get $81 per share under the deal, 30.5% higher than the…



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Tags: Business newsCoupa Software IncMarketsSoftwareTECHNOLOGY
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