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Synchronoss to be acquired by Lumine Group in $116M all-cash deal, valuing company at $9/share.
Synchronoss Technologies has agreed to be acquired by Lumine Group in an all-cash deal worth about $116 million, valuing the company at $9 per share—a 70% premium to its prior closing price.
The transaction, expected to close in early 2026, will take Synchronoss private and give Lumine Group, a Toronto-based software firm, a foothold in cloud software for service providers.
The deal implies an enterprise value of $258 million and is subject to regulatory approval.
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Synchronoss será adquirida por Lumine Group en un acuerdo de $116M en efectivo, valorando la compañía en $9/acción.