Cerberus-backed SPAC to purchase Kore
March 16, 2021- Share:
Cerberus Telecom Acquisition, a blank-check company backed by Cerberus Capital Management, has agreed to acquire telecom provider Kore Wireless from Abry Partners. The deal values the Atlanta-based business at around $1 billion, including debt. Kore Wireless will list on the Nasdaq under the symbol KORE; it will receive a $225 million PIPE investment from backers including a subsidiary of Koch Industries and BlackRock.
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