Share this article
Latest news
With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low
Copilot in Outlook will generate personalized themes for you to customize the app
Microsoft will raise the price of its 365 Suite to include AI capabilities
Death Stranding Director’s Cut is now Xbox X|S at a huge discount
Outlook will let users create custom account icons so they can tell their accounts apart easier
Express VPN to be acquired by Kape Technologies for $936M
2 min. read
Updated onApril 26, 2023
updated onApril 26, 2023
Share this article
Read our disclosure page to find out how can you help Windows Report sustain the editorial teamRead more
Key notes
Kape Technologies PLC has agreed to purchase Express VPN for $936 million. The acquisition is expected to deliver high earnings that will contribute to its completion.
If you have been watching closely, Express VPN had a $279.4 million revenue in 2020 with $74.8 million as adjusted earnings. The completion is therefore expected to generate a higher revenue of up to $624 million in 2022.
Part-funding for the acquisition
The company does not plan to cover the cost alone. By placing shares on the market at a minimum price of 337.5 pence, the funds are expected to help fund part of the acquisition. In addition, Kape will also be placing separate retail offers for ordinary shares on the PrimaryBid platform. The shares will however not exceed $9.4 million.
In total, the sale of shares is expected to cover the equivalent of $237 million. The $345 million expected to be paid in cash will be covered in a two-part instalment. The first instalment will be in a year and the next one 24 months after the close.
Express VPN to join Kape’s brands
Express VPN is expected to join a list of other Kape’s brands such as Zenmate VPN and CyberGhost VPN among others.
The aim of the acquisition is to complement the firm’s cybersecurity tools and secure the data rights of their users. Express VPN has been listed as one of the best VPNs when it comes to protecting users.
With the securitybugs addressed previously in Windows 11 Beta version, it is a breath of fresh air to see a firm prioritizing its users’ needs.
What do you enjoy most about Expressvpn? Share your top features in the comment section below.
Don Sharpe
Tech Journalist
Don has been writing professionally for over 10 years now, but his passion for the written word started back in his elementary school days. His work has been published on Livebitcoinnews.com, Learnbonds.com, eHow, AskMen.com, Forexminute.com, The Writers Network and a host of other companies.
User forum
0 messages
Sort by:LatestOldestMost Votes
Comment*
Name*
Email*
Commenting as.Not you?
Save information for future comments
Comment
Δ
Don Sharpe
Tech Journalist
Don has been writing professionally for over 10 years now, simplifying the tech universe for the mases.
