Private Internet Access to Be Acquired by Kape

upnorth

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Verified
Staff member
Malware Hunter
Jul 27, 2015
4,110
Popular VPN provider Private Internet Access (PIA) is set to be acquired by Kape Technologies. This will transform the company into a major player in the VPN industry. The deal has sparked a lively debate about Kape’s intentions and PIA’s future, but the company stresses that it remains committed to protecting the privacy of its users.

Private Internet Access, commonly known as , is one of the largest VPN providers in the world. In recent years it’s become a well-established brand that has had its no-logging policy tested in court, with success. This week the company announced that some changes are afoot. PIA’s parent organization LTMI Holdings is in the process of a merger acquisition by the publicly traded Kape Technologies, which also owns the Cyberghost and Zenmate VPN services. As part of the planned deal, Kape will pay $95.5 million. Part of this will be paid in cash, Vox reports, and Kape is also planning to pay the $32.1 million in existing debt PIA has on the books.
 

Slyguy

Level 44
Jan 27, 2017
3,336
Long thread on this here:

 
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