Twilio nears deal to invest up to $750 million in Syniverse: WSJ

by | Feb 28, 2021 | In The News, IPOs, SPACs

The investment will be announced on Monday, which could be followed by a merger between telecommunications services company Syniverse and a special-purpose acquisition company to take it public, the report said, citing people familiar with the matter.

The deal values Syniverse at around $2 billion to $3 billion including debt.

There is no guarantee that Syniverse, backed by private-equity firm Carlyle Group (NASDAQ:CG) Inc will go public, either through a SPAC deal or an IPO, the Journal added.

For Syniverse, the Twilio deal involves a commercial arrangement that would send a significant amount of business its way, the newspaper said. Syniverse may also use proceeds from a SPAC deal to make acquisitions, it said.

Both Twilio and Syniverse did not immediately respond to a Reuters request for comment.

This is an excerpt of a post published on on INVESTING.COM


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