Technology

San Antonio e-mail know-how firm purchased for $1.9 billion

Pathwire, an e-mail companies firm as soon as owned by Rackspace, is being acquired by Swedish firm Sinch AB in a $1.9 billion money and inventory deal.

It could be one of many largest native tech trade transactions since 2016, when Apollo International Administration purchased Rackspace for $4.3 billion.

Sinch, a worldwide cloud communications firm, is ready to pay the sellers, a gaggle that features Chicago-based personal fairness agency Thoma Bravo, $925 million in money and 51 million new shares in Sinch.

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