Deal Snapshot
SYNACOR TO MERGE WITH QUMU
Thursday 13 February 2020

New York-based software and services company Synacor, Inc. (NASDAQ: SYNC) has agreed to a merger with Minnesota-based video content manager Qumu Corp. (NASDAQ: QUMU) in a transaction structed as an all-stock deal, the company said.
Under the terms of the merger agreement, each share of Qumu common stock issued and outstanding as of the effective date of the merger will be converted into approximately 1.61 shares of Synacor common stock. After closing, Synacor common stock, including the shares issued in the merger, will trade as (NASDAQ: SYNC).


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Details
Date Published: 13/02/2020
Target: Synacor, Inc
Country: USA
Deal Size: 50m (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Qumu Corp
Comment:
Upon closing, Synacor stockholders are expected to own approximately 64.4% and Qumu shareholders are expected to own approximately 35.6% of the stock of the combined company.

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