Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash

Proofpoint is traded publicly on the Nasdaq exchange and as of its closing price on Friday, it had a market cap of $7.5 billion. This bid, which will see the company go private, is a big hike on its latest share price. The deal has been endorsed by Proofpoint’s board. If approved by shareholders, it will close in Q3 of this year.