Cloud-communications firm Twilio Inc nears deal to invest $750M in Syniverse Technologies LLC

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.

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