Bandwidth Inc - Ordinary Shares - Class A

NASDAQ:BAND   3:59:50 PM EDT
160.64
-7.99 (-4.74%)
Other Pre-Announcement, Mergers / Acquisitions

Bandwidth To Acquire International Cloud Communications Leader Voxbone

Published: 10/12/2020 10:15 GMT
Bandwidth Inc (BAND) - Bandwidth to Acquire International Cloud Communications Leader Voxbone.
Bandwidth Inc - Deal for Enterprise Value of EUR 446 Million.
Bandwidth Inc - Voxbone's 2020 Revenue is Expected to Be More Than $85 Million and Up More Than 25% Year-over-year.
Bandwidth Inc - Deal Consideration to Voxbone Shareholders Will Consist of Cash in Amount of $400 Million.
Bandwidth Inc - Expects That It Will Report Q3 Revenue and Non-GAAP EPS That Are Above Guidance Ranges Provided on July 30.
Bandwidth - Remainder of Deal Consideration to Voxbone Shareholders to Also Be Paid in Bandwidth Class A Common Stock.
Bandwidth Inc - Deal Close Will Be Accretive to Bandwidth's Non-GAAP Gross Margin and Non-GAAP Net Income.