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Syniverse to Acquire VeriSign's Messaging Business.

Publication: Mergers & Acquisitions Business
Publication Date: 09-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
In a strategic move to expand its mobile messaging capabilities, Syniverse Technologies (NYSE: SVR) announced that it has signed a definitive agreement to acquire VeriSign, Inc.'s (NASDAQ: VRSN) messaging business for cash consideration of $175 million, subject to working capital adjustments. The business has an annual revenue run-rate of approximately $140 million over the last 12 months, and the transaction is expected to be...

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