Olo shareholders will receive $10.25 a share, a 65% premium over the share price prior to deal speculation. Shares jumped on the announcement.

Olo (NYSE:OLO) was rising after the SaaS platform for restaurants announced an acquisition by the software investment firm Thoma Bravo in an all-cash deal valued at ~$2B. Shares were +12.46% pre-market to $10.

Restaurant technology platform Olo has entered into an agreement to be acquired by software investment firm Thoma Bravo for an all-cash transaction with an estimated equity value of $2 billion. The transaction,