- KnowBe4, Inc (NASDAQ:KNBE) confirmed the receipt of a non-binding proposal from Vista Equity Partners to acquire all outstanding company shares for $24 per share in cash.
- The purchase price represents a 39% premium to KnowBe4’s closing price on September 16, Market Screener reports.
- KnowBe4 has created a security awareness framework that allows businesses to assess, track, and mitigate the ongoing threat of social engineering attacks to their cybersecurity.
- KnowBe4 clocked 36% revenue growth in Q2 to $80.8 million, beating the consensus of $79.4 million. EPS of $0.07 beat the consensus of $0.02.
- Price Action: KNBE shares traded higher by 25.90% at $21.79 on the last check Monday.
Verizon Reports $5.8B Write-Down in Business Services Division Due to Market Challenges
Verizon Faces $5.8 Billion Write-Down in Business Services Amid Market Challenges. The substantial non-cash impairment reflects struggles in Verizon's wireline operations, overshadowed by mobile service growth.
