Private Internet Access VPN Sold

[Deleted member 278999]

Word on the street is that PIA (Private Internet Access), the VPN that most know, and many love, has been sold.

The buyer of PIA is purportedly Kape Technologies, who announced their intention to buy the parent company of PIA, LTMI Holdings (London Trust Media).

The deal comes in at a reported $95.5MM valuation, consisting of $52.9MM in cash, and $42.7MM in Kape Technologies shares. As part of the deal, Kape Technologies has also agreed to pay off $32.1MM of debt that LTMI owes, which brings the total value of the deal to a whopping $126.7MM.

There is no word on precisely what Kape plans on doing with this acquisition, but the company has been on a VPN buying frenzy, having bought up CyberGhost and ZenMate within the past two years.

From what information is available, it does appear that Kape will retain the PIA namesake going forward.

With privacy becoming more and more scarce these days, it's interesting to see the owners of PIA sell their stake in the business.

 

[Mazzspeed]

Bloody great....

They better keep supporting Linux as well as they do.

 

[Guarana [BAWLS]]

note to self: Watch for any ToS changes.

 

[Lakados]

note to self: Watch for any ToS changes.

The Tos is vague enough that they can make a lot of changes in the back end to their processes with no need to update the ToS.

 

[MavericK]

Been using it for years now, hope it continues to be as good as it currently is.

 

[Sextron]

Word on the street is that PIA (Private Internet Access), the VPN that most know, and many love, has been sold.

The buyer of PIA is purportedly Kape Technologies, who announced their intention to buy the parent company of PIA, LTMI Holdings (London Trust Media).

The deal comes in at a reported $95.5MM valuation, consisting of $52.9MM in cash, and $42.7MM in Kape Technologies shares. As part of the deal, Kape Technologies has also agreed to pay off $32.1MM of debt that LTMI owes, which brings the total value of the deal to a whopping $126.7MM.

There is no word on precisely what Kape plans on doing with this acquisition, but the company has been on a VPN buying frenzy, having bought up CyberGhost and ZenMate within the past two years.

From what information is available, it does appear that Kape will retain the PIA namesake going forward.

With privacy becoming more and more scarce these days, it's interesting to see the owners of PIA sell their stake in the business.

I have no idea who Kape is, but /tinfoilhat...

They're secretly a government run entity that is buying up every VPN possible to put in backdoors to allow for unfettered surveillance of encrypted VPN traffic. It's the only logical answer.

 

[Lakados]

I have no idea who Kape is, but /tinfoilhat...

They're secretly a government run entity that is buying up every VPN possible to put in backdoors to allow for unfettered surveillance of encrypted VPN traffic. It's the only logical answer.

If you own the VPN no need to install backdoors, it is pretty simple to “clone” SSL certs and just run SSL decryption on the VPN and completely man in the middle the traffic. Corporations do it on their networks all the time to ensure you aren’t uploading things you shouldn’t be.