SentinelOne Considers Sale Amid Takeover Interest

SentinelOne, an Israeli-founded cybersecurity company, is reportedly exploring options that could include a sale after its shares lost 80% of their value in the last two years. The company has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms. However, initial expressions of interest did not meet SentinelOne's valuation expectations, and it is possible that the talks may end without a deal. SentinelOne had benefited from increased technology spending during the Covid-19 pandemic but saw a decline as companies slashed their IT budgets.