Mercury exits Australia's MessageMedia via $1.3b trade sale
Australian mid-market GP Mercury Capital is on course to exit local B2C mobile messaging platform MessageMedia after Sweden-based Sinch agreed to acquire the company for $1.3 billion.
Sinch, a global cloud communications business specializing in mobile customer engagement, will pay $1.1 billion in cash and the rest in shares. Mercury is a minority shareholder in MessageMedia, having...
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