Tech Company M&A Transactions
Mobile365 Acquisition
On 11/8/2006, Mobile365 was acquired by Sybase. The transaction price was $400 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/8/2006
Transaction Type
M&A
Amount
$400,000,000
M&A Terms
Sybase, Inc. (NYSE: SY), a leading provider of enterprise infrastructure and mobile software, today announced that it has signed a definitive agreement to acquire Mobile 365, the global leader in mobile messaging and content delivery, in an all cash transaction. The purchase price set forth in the definitive agreement is $425 million, which is subject to adjustment based on Mobile 365's working capital as of the closing date. Net of acquired cash, the transaction is valued at approximately $400 million.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
4511 Singer Court 300
Chantilly, VA 20152
USA
Chantilly, VA 20152
USA
Phone
Website
Email Address
Not Recorded
Overview
Mobile 365 is the global leader in the delivery, clearing, and settlement of mobile messaging services. Our extensive footprint enables us to reach more mobile users--with more types of mobile data--than anyone else on the globe. We reliably deliver messages, premium content, and value-added services for the leading mobile operators, content providers, brands, and media companies worldwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Marty Beard
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