Thoma Bravo To Acquire Olo; Shareholders To Receive $10.25/shr
(RTTNews) - Olo Inc. (OLO) has entered into a definitive agreement to be acquired by Thoma Bravo, in an all-cash transaction valuing Olo at approximately $2.0 billion in equity value. Olo shareholders will receive $10.25 per share in cash. Upon completion, Olo will become a privately held company.
Noah Glass, Olo's Founder and CEO, said: "By partnering with Thoma Bravo, we believe we can build on our success to date and accelerate our vision of helping our customers create a world where every restaurant guest feels like a regular."
Shares of Olo are up 13% in pre-market trade on Thursday.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.