economy
UK software investor Hg strikes first buyout deal since SaaSpocalypse
Acquisition of rights and royalties management company for $500mn comes after plunge in software stocks
TL;DR
- UK software investor Hg has completed its first buyout deal since the 'SaaSpocalypse'.
- The acquired company manages rights and royalties.
- The acquisition was valued at $500 million.
- This deal occurs in the wake of a significant plunge in software stocks.