TPG to acquire unit of cybersecurity company Forcepoint for $2.45 billion: report
By Mike Murphy
Private-equity firm TPG Inc. (TPG) will acquire the government-cybersecurity unit of software company Forcepoint for about $2.45 billion, the Wall Street Journal reported late Sunday.
According to the Journal, that price tag is more than double what Francisco Partners paid to acquire all of Forcepoint back in 2021.
The deal for the business, known as Forcepoint Global Governments and Critical Infrastructure, or Forcepoint G2CI, is expected to be announced as soon as Monday, the Journal reported, and Francisco will retain a minority stake in the unit. Forcepoint's commercial cybersecurity business will remain a separate entity, according to the report.
-Mike Murphy
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
07-09-23 2154ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
3 Dividend Stocks for June 2024
-
After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
-
MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
-
Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75
-
Zscaler Earnings: Impressive Traction in Emerging Products Drives Sales Growth for the Quarter
-
Dell Earnings: Raising Valuation on Strong AI, but the Stock Remains Severely Overvalued
-
After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now