Twilio (TWLO) to Invest Up to $750M in Syniverse - DJ

March 1, 2021 6:26 AM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Twilio (NYSE: TWLO) is in talks to invest as much as $750 million in Syniverse Technologies in a precursor to a public listing of the messaging company, according to Dow Jones, citing people familiar with the matter.

The investment, to be announced Monday, could be following in the coming months by a merger with Syniverse and a SPAC, some people said. A deal could value Syniverse, owned by PE firm The Carlyle Group (NASDAQ: CG), at around $2 billion to $3 billion including debt.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Private Equity, Rumors, SPAC

Related Entities

The Carlyle Group, Syniverse/Carlyle, Definitive Agreement, SPAC