Cloud-communications firm Twilio Inc is in converses with put as much as $750 million in Syniverse Technologies LLC, the Wall Street Journal provided details regarding Sunday.
The investment will be declared on Monday, which could be followed by a consolidation between telecommunications services organization Syniverse and a special-purpose acquisition organization to take it public, the report said, refering to individuals acquainted with the matter.
The deal values Syniverse at around $2 billion to $3 billion including debt.
There is no assurance that Syniverse, backed by private-equity firm Carlyle Group Inc will go public, either through a SPAC deal or an IPO, the Journal added.
For Syniverse, the Twilio deal includes a commercial arrangement that would send a lot of business its way, the newspaper said. Syniverse may likewise utilize continues from a SPAC deal to make acquisitions, it said.
Both Twilio and Syniverse didn’t quickly react to a Reuters request for comment.
- List Of Best Daycare Preschools in Surat - November 11, 2022
- Book Coworking Office Space for Rent in Mumbai - October 14, 2022
- Top 10 Preprimary Schools in Jaipur with All Details - May 26, 2022
