LogMeIn has been acquired recently, by Hedge fund Elliot Management and Francisco Partners Management, who have got together to aware the remote support software company, LogMeIn.

LogMeIn was bought for $86.05 per share, in cash which equals around $4.3 billion.

“This transaction acknowledges the significant value of LogMeIn and provides our stockholders with a meaningful and certain cash offer at a compelling premium.”

Bill Wagner – President and Chief Executive Officer of LogMeIn