Syniverse Offers EU New Concessions In $694M Mach Buy

Law360, New York (April 22, 2013, 4:37 PM EDT) -- The Carlyle Group LP's Syniverse Technologies LLC has offered further concessions to EU competition authorities who raised objections to the mobile communications company's proposed €550 million ($693.5 million) acquisition of Luxembourg-based rival Mach SarL, the European Commission said Monday.

The European Commission has agreed to push back the decision deadline of the merger to June 20 pending the new commitments, according to the commission’s website. Details of the concessions were not made available Monday and a Syniverse representative declined to discuss them.

Last month, the European...
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