Exclusive-Saudi Aramco unit in talks to invest 1 billion in US software maker Mavenir, sources say
756109BP8 | 104.14 0.91 0.88% |
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Saudi Aramcos digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about 3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about 1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said, cautioning that a transaction is not guaranteed. Mavenir is working with investment bank Evercore on its talks with Aramco Digital, the sources said, requesting anonymity as the discussions are confidential.
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