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' shareholders will receive $4.40 per share in cash, the company said.
Thoughtworks 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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