Synchronoss shares surge 64.25% after-hours after announcing $9/share all-cash acquisition by Lumine Group, valued at $258.4M enterprise.

Synchronoss Technologies Inc. (NASDAQ: SNCR) surged 64.25% in after-hours trading following the announcement of its acquisition by Lumine Group in an all-cash deal. Under the terms, Synchronoss shareholders will receive $9.00 per share, a 70% premium over its December 3 closing price, valuing the company at an enterprise value of $258.4 million. The transaction, expected to close in early 2026, positions Synchronoss to become a private entity under Lumine Group’s long-term ownership strategy, with CEO Jeff Miller emphasizing immediate shareholder value and accelerated growth in mobile cloud storage. The deal’s premium pricing and strategic alignment with Lumine Group’s portfolio of communications and media software businesses directly drove the sharp post-market rally.