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Twilio approaches deal to invest up to $750 million in Syniverse: WSJ

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Cloud-communications firm Twilio Inc is in converses with put as much as $750 million in Syniverse Technologies LLC, the Wall Street Journal provided details regarding Sunday.

The investment will be declared on Monday, which could be followed by a consolidation between telecommunications services organization Syniverse and a special-purpose acquisition organization to take it public, the report said, refering to individuals acquainted with the matter.

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

There is no assurance that Syniverse, backed by private-equity firm Carlyle Group Inc will go public, either through a SPAC deal or an IPO, the Journal added.

For Syniverse, the Twilio deal includes a commercial arrangement that would send a lot of business its way, the newspaper said. Syniverse may likewise utilize continues from a SPAC deal to make acquisitions, it said.

Both Twilio and Syniverse didn’t quickly react to a Reuters request for comment.