Syniverse going private

  • By Business Observer Staff
  • | 4:30 p.m. October 28, 2010
  • | 0 Free Articles Remaining!
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Tampa-based Syniverse Technologies Inc. (symbol: SVR) is being purchased by the Carlyle Group, a San Francisco-based organization, for $31 a share, representing a 35% premium over the company's 30-day closing price.

Once the transaction closes, Syniverse will become a private company. The deal values Syniverse at $2.6 billion.

Syniverse Holdings Inc. (symbol: SVR) provides mobile technology services in more than 160 countries.

 

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