According to a report from the Wall Street Journal, Twilio Inc, a cloud-communications firm, is in talks to invest around $750 million in Syniverse Technologies LLC.

The investment is slated to be announced later today, which could be followed by a merger between telecommunications services company Syniverse and a special-purpose acquisition company to take it public, said the report citing sources familiar with the matter at hand.

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

Sources have cautioned that there is no guarantee that Syniverse will go public, either through a SPAC deal or through an IPO, said the WSJ.

The report also mentions that for “Syniverse, the Twilio deal involves a commercial arrangement that would send a significant amount of business its way”.

Syniverse may also use proceeds from a SPAC deal to make acquisitions, said the report.

Neither Twilio nor Syniverse immediately responded to request for comments.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: cloud communications, including debt, invest, investment, IPO, merger, SPAC, SPAC deal, special purpose acquisition company, Syniverse, Syniverse Technologies LLC, telecommunications services, Twilio Inc, valuation, values