The public parent company of ExpressVPN, Private Internet Access and CyberGhost may soon become a private entity – wholly owned by the current majority shareholder, Unikmind.

The entity, owned by billionaire businessman Teddy Sagi, has offered to purchase all Kape Technologies shares he does not hold and take over the company privately. This offer, valuing Kape at a premium of just over $1.5 billion, comes a year after heavyweight takeover of ExpressVPN in the industry (opens in a new tab) for $936 million.

Leave a Reply

Your email address will not be published. Required fields are marked *