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Synacor +10.1% after adding major investor to board

Oct. 29, 2014 12:38 PM ETSynacor, Inc. (SYNC) StockBy: Eric Jhonsa, SA News Editor
  • Scott Murphy, chief investment officer at Advantage Capital Partners, has joined Synacor's (NASDAQ:SYNC) board. Advantage owns an 8% stake in the TV Everywhere software provider.
  • The appointment comes four weeks after Synacor said activist investors JEC Capital and Ratio Capital had "abandoned discussions" with the company, after previously calling on Synacor to look for a buyer.

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