Kape receives $1.5 billion privatization proposal

The publicly traded parent company of ExpressVPN, Private Internet Access, and CyberGhost may soon be a private company wholly owned by its current majority shareholder, Unikmind.

The company, owned by billionaire businessman Teddy Sagi, has proposed to buy all the shares in Kape Technologies it doesn’t control and privatize the company. This offer, which values ​​Kape at a premium of just over $1.5 billion, comes a year after the Acquisition of industry heavyweight ExpressVPN (opens in new tab) for $936 million.

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