Telecoms firm Syniverse to go public via $2.85 bln blank check deal

Telecoms services firm Syniverse Technologies LLC plans to go public through a merger deal with a blank check company that would give it an enterprise value of $2.85 billion.

The deal will provide Syniverse with up to $1.17 billion in cash, through a combination of equity and equity-linked capital, blank check firm M3-Brigade Acquisition II Corp said in a statement on Monday.

After the deal, the public company will be named Syniverse Technologies Corporation, and its stock will trade under the ticker “SYNV” on the New York Stock Exchange.