Twilio nears deal to invest up to $750 million in Syniverse: WSJ
The investment will be announced on Monday, which could be followed by a merger between telecommunications services company Syniverse and a special-purpose acquisition company to take it public, the report said, citing people familiar with the matter. There is no guarantee 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 involves a commercial arrangement that would send a significant amount of business its way, the newspaper said.