Trend Micro is considering a possible sale. This is a response to the takeover interest of several parties. The weak development on the stock markets is said to have prompted the Japanese cybersecurity specialist to consider a takeover.
Trend Micro is currently considering a possible sale, Reuters reports, citing anonymous sources. The Japanese cybersecurity specialist is said to have commissioned investment banks to support the possible sale.
Private investment firms could be interested in Trend Micro. The market value of the cybersecurity specialist is estimated at around 5.9 billion euros or 950 billion Japanese yen.
Lower performance
The company has recently been discussed because of the weaker performance of its shares compared to Japanese competitors. The value of these shares is said to have fallen by ten percent since the beginning of the year. The falling value of the Japanese yen is also said to have played a role.
A takeover would be welcome for Trend Micro as it could improve its profitability, especially compared to US competitors such as CrowdStrike, Microsoft and Palo Alto Networks. Trend Micro is looking to gain market share in CrowdStrike in particular, especially after the security specialist’s major mistake earlier this month.
Recently, Trend Micro presented good quarterly figures. In the second quarter, the security specialist recorded thirteen percent more sales than in the same period last year. with a total value of 68.6 million Japanese yen.
Positive response
It is apparently not yet certain whether a takeover will actually take place. Trend Micro itself responded to the takeover rumors by saying that the company is still focused on protecting its customers. In any case, the stock market reacted positively to a possible takeover.
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