Synchronoss (SNCR -3.5%) sells off after announcing it's acquiring Miyowa, a developer of social...


Synchronoss (SNCR -3.5%) sells off after announcing it's acquiring Miyowa, a developer of social networking and messaging software for mobile devices, for $45.5M + up to $13.5M in milestone payments. Miyowa's software complements Synchronoss' solutions for activating mobile devices and provisioning content/services. The company expects the deal to be "at least neutral" to its 2012 EPS.

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