Openwave (OPWV) to Sell Mediation and Messaging Business
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Openwave Systems Inc. (NASDAQ: OPWV), has signed a definitive agreement to sell its Mediation and Messaging product businesses to Marlin Equity Partners. The transaction is subject to customary closing conditions and is expected to close in April 2012.
Following the completion of the transaction, Marlin intends to rename the acquired businesses Openwave Mobility (formerly Mediation) and Openwave Messaging. The businesses will be managed by the incumbent divisional management teams.
Jefferies & Company, Inc. served as Openwave’s exclusive financial advisor in connection with the transaction.
Following the completion of the transaction, Marlin intends to rename the acquired businesses Openwave Mobility (formerly Mediation) and Openwave Messaging. The businesses will be managed by the incumbent divisional management teams.
Jefferies & Company, Inc. served as Openwave’s exclusive financial advisor in connection with the transaction.
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