(RTTNews) - 8x8, Inc. (EGHT) has entered into a definitive agreement to acquire Fuze, a provider of cloud-based communications for the enterprise. 8x8 will acquire Fuze for approximately $250 million in stock and cash. Up to $130.2 million will be used to retire Fuze's debt and pay for the equity owned by non-accredited stockholders of Fuze.
8x8, Inc. said the acquisition will accelerate 8x8 XCaaS innovation and expand 8x8's enterprise customer base and global presence. The company expects to file a resale registration statement for the shares to be issued in connection with the transaction after the closing.
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