Thursday, December 6, 2007

Critical Path Goes Private

San Francisco-based Critical Path, a provider of email software and related services, said Wednesday evening that it has entered into a definitive merger agreement with CP Holdco, LLC, a firm owned by General Atlantic, Cheung Kong Holdings Limited, and other shareholders of Critical Path. The move will take the firm private. The deal was originally announced in October. The move will remove Critical Path from the over the counter markets, where it had languished since a delisting of the firm from the Nasdaq in November of 2005.