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BRIEF // British Virgin Islands-based VPN provider ExpressVPN is set to accept the $ 936 million purchase offer from Kape, which already owns CyberGhost VPN.
ExpressVPN (2021)
Created more than 11 years ago by Dan Pomerantz and Peter Burchhardt, ExpressVPN has participated in the democratization of VPN services to the general public when this technology was primarily reserved for businesses. Through his blog, the company announces that it is about to accept an offer to buy Kape, a company listed on the London Stock Exchange, for the modest sum of $ 936 million. The offer is also (quite complex) with a payment of $ 354 million in cash and $ 237 million in shares upon closing of the transaction, then a new payment of $ 345 million in cash thereafter.
Naturally, ExpressVPN sees in this acquisition an opportunity to advance technologies in the service of the protection of privacy and highlights the various commitments of Kape in terms of confidentiality and respect for Internet users. ExpressVPN also clarifies that the company will remain a separate service from other Kape brands and promises to retain the brand’s main strengths such as 24/7 technical support via chat, no connection log retention policy or the jurisdiction of the British Virgin Islands.
Kape acts as a juggernaut in the land of VPNs, and this umbrella brand already holds prestigious names like CyberGhost VPN, Private Internet Access, but also ZenMate VPN and Intego antivirus.
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