Tuesday, September 17, 2024

Mastercard to buy threat intelligence company Recorded Future for $2.65 billion

(Reuters) -Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on Thursday.

The acquisition will add to Mastercard’s existing suite of cybersecurity services, bringing expanded threat intelligence capabilities to its network of merchants and financial institutions.

The deal is expected to close by the first quarter of 2025.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Janane Venkatraman)

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