09:28 AM EST, 11/13/2024 (MT Newswires) -- Thoughtworks Holding ( TWKS ) said Wednesday it has been acquired by affiliates of funds advised by Apax Partners for roughly $1.75 billion in transaction value.

Under the transaction's terms, Thoughtworks' ( TWKS ) shareholders will receive $4.40 per share in cash, the company said.

Thoughtworks ( TWKS ) will now operate as a private entity as its stock will no longer trade on Nasdaq, it added.

The deal was first announced in August.

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