Dec. 4 at 9:13 PM
$RILY Additional $$$ from another company RILY owns shares of.
Thu, December 4, 2025 at 9:26 AM CST 6 min read
Lumine Group to Acquire Synchronoss Technologies
Under the terms of the agreement, Lumine Group will acquire Synchronoss for a purchase price of approximately
$116.4 million (based on a cash price of
$9.00 per share,) which may be adjusted by a proportionate amount of certain Synchronoss transaction expenses, if any, in excess of a certain threshold. This transaction is an all-cash transaction that values the Company at an implied equity value of approximately
$116.4 million and an enterprise value of approximately
$258.4 million, is expected to close in the first half of 2026, and is subject to approval by Synchronoss’ shareholders and the satisfaction of regulatory approvals and customary closing conditions.
