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AAP
AAP
Business
Derek Rose

SHOCKING: Nearmap in advanced 1b takeover talks - You Need To See This

Nearmap Thoma Bravo
Nearmap provides high-quality aerial imagery, such as this one of the March 2022 flooding in NSW. (PR HANDOUT IMAGE PHOTO) (AAP)

Nearmap shares are up by more than a quarter this morning after the aerial imaging company disclosed that it is in advanced takeover talks with a US private equity firm that invests in software companies.

Thoma Bravo is proposing to pay $2.10 in cash for Nearmap shares, a 39 per cent premium to their closing price on Friday and a 67 per cent premium to their six-month volume weighted average price.

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