UK software group Pinewood agrees £545mn private equity takeover

UK software group Pinewood Technologies has agreed to a £545mn private equity takeover, following rival buyout group Apax's withdrawal of its offer over concerns about the impact of artificial intelligence on the business.

UK software group Pinewood agrees £545mn private equity takeover Source: Financial Times Technology https://www.ft.com/technology Deal for former Pendragon software division follows rival buyout group Apax’s withdrawal of offer on concerns over AI impact Get AI news in your inbox Daily digest of what matters in AI.