Tampa telecommunications giant Syniverse to go public, enters merger agreement
August 17, 2021 - Tampa-based telecommunications company Syniverse announced Tuesday morning it has entered into a merger agreement with M3-Brigade Acquisition II Corp. (NYSE: MBAC). The transaction would value Syniverse at $2.85 billion, according to a Syniverse press release. Institutional investors have also committed to participate in the transaction through Private Investment in Public Equity (PIPE) commitments totaling $265 million. It's expected to close by the end of the year. After the closing, Syniverse would be listed on the New York Stock Exchange under the ticker “SYNV.”