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Tuesday, February 7, 2023

Twilio (NYSE: TWLO) In Talks To Invest In Carlyle-Owned Syniverse

Twilio Inc. (NYSE: TWLO) is planning to invest $750 million in Syniverse Technologies LLC. Sources disclosed that the investment would be made public on Monday, which could be pursued by the merger between Syniverse and SPAC to take it public.

As per the merger deal, the projected value of Syniverse will be around $2 billion to $3 billion-plus its debt. It has not been clarified by Syniverse that it will make its business public, through IPO, or with the help of SPAC deal. Both Twilio and Syniverse have not commented on the deal yet.

Twilio Inc. (NYSE: TWLO) shares were trading up 4.05% as it gained +15.29 at the trading session of Friday. TWLO share price went from a low point around $68.06 to briefly over $457.30 in the past 52 weeks, though shares have since pulled back to $392.88. TWLO’s market cap has remained high, reaching $58.38 billion at the time of writing. If we look at the recent analyst rating of TWLO, JP Morgan has upgraded the TWLO shares rating from Neutral to Overweight rating.

The Twilio investment in Syniverse would consist of a business-related deal that would provide substantial amount of business to Syniverse. Syniverse may also use profits from a SPAC deal to make purchases.

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