Twilio to invest up to $750 million in telecom company Syniverse

"Cloud-communications platform Twilio Inc said on Monday it would invest up to $750 million in telecommunications services company Syniverse Technologies LLC. Shares of Twilio were up nearly 2% at $399 in premarket trade.

Twilio also said that private-equity firm Carlyle Group Inc, which is currently the major owner of Syniverse, will maintain its majority interest in the telecom services company."

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