Announced
Financials
Tags
Merger
Telecommunications Services: Other
United States
Private
Friendly
Single Bidder
Private Equity
De-SPAC
Reverse Takeover
telecommunications services
Domestic
Failed
Synopsis
Carlyle-backed Syniverse, a provider of mission-critical mobile platforms for carriers and enterprises, terminated the agreement to go public via a merger with M3-Brigade Acquisition II, a SPAC, in a $2.85bn deal. "We are disappointed that recent changes in market conditions made it impossible to consummate our proposed merger, but Syniverse is a great company with a strong management team and we are confident that it has a very bright future," Mohsin Y. Meghji, MBAC CEO.
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