US govt rumored to be considering suit to stop ForgeRock buyout

ForgeRock's proposed buyout by private equity firm Thoma Bravo could fall victim to a newly invigorated anti-trust unit within the U.S. Justice Department.

Like a lot of private equity funds, Thoma Bravo has used its time well as corporate valuations have wilted. It has strategically bought public companies, taking them private on the cheap.

It bid $2.3 billion in cash for ID and access management vendor ForgeRock last fall, for example. That deal was due to close last month. And …

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