Private Internet Access to Be Acquired by Kape

[upnorth]

Content source

https://torrentfreak.com/private-internet-access-to-be-acquired-by-kape/

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.

 

[Antus67]

Time after time I've witness this type of merger whereas in the final analysis does not turn out that well for all concern. I hope this merger works out.

 

[ForgottenSeer 58943]

Long thread on this here:

CyberGhost Owner to purchase Private Internet Access VPN

Private Internet Access, a popular VPN provider, is set to have a new owner, after Kape Technologies announced its intention to acquire the parent company (and creator) of PIA, LTMI Holdings (London Trust Media). The deal is for $95.5 million according to a report by Vox Markets, consisting of...

malwaretips.com

 

[omidomi]

From a US based Company to Pakistan Company