Synchronoss (SNCR) Acquires RIM (RIMM) Subsidiary NewBay
Tweet
Share
E-mailGet Alerts SNCR Hot Sheet
Join SI Premium – FREE
Synchronoss Technologies, Inc. (NASDAQ: SNCR) has acquired NewBay, a wholly owned subsidiary of Research in Motion Limited (Nasdaq: RIMM). NewBay is a leader in cloud services, enabling mobile operators and service providers to deliver content experiences across connected devices such as smartphones, tablets, PC’s and TV’s. NewBay’s cloud services are delivered to millions of user and stores billions of media files for live operator services around the world.
In consideration for the acquisition, Synchronoss paid $55.5 million in cash to Research in Motion Limited, and there was no assumption of cash or debt. The transaction closed at the end of the fourth quarter of 2012.
In consideration for the acquisition, Synchronoss paid $55.5 million in cash to Research in Motion Limited, and there was no assumption of cash or debt. The transaction closed at the end of the fourth quarter of 2012.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Bunker Hill Mining to acquire Silver47 in all-share merger deal
- Two Harbors receives final approval for CrossCountry Mortgage merger
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
