Barracuda Networks agrees to go private in $1.6 billion deal: Reuters

Cloud computing and data security company Barracuda Networks Inc (CUDA.N) said on Monday it would be bought by private equity firm Thoma Bravo LLC in an all-cash deal worth $1.6 billion.

The offer of $27.55 per share represents a premium of 16.3 percent to Barracuda stock’s Friday close.