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

March 1, 2021 6:26 AM EST

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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.



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Mergers and Acquisitions, Private Equity, Rumors, SPAC

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