09:14 AM EDT, 07/03/2025 (MT Newswires) -- Olo (OLO) said Thursday it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash deal valuing Olo at about $2.0 billion in equity value.

Under the deal terms, Olo shareholders will receive $10.25 per share in cash, the company said. The transaction is expected to close by the end of 2025, Olo added.

Shares of Olo were up more than 13% in recent premarket activity.