Saudi Aramco unit in talks to invest $1 bn in US software maker Mavenir
Sat, Nov 23, 2024 8:48 PM

Saudi Aramco unit in talks to invest $1 bn in US software maker Mavenir

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Saudi Aramco’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said.

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