Amdocs Signs Deal To Acquire Vubiquity - Quick Facts

(RTTNews) - Amdocs Limited (DOX) announced the company signed a definitive agreement on January 30, 2018, to acquire Vubiquity, a provider of premium content services and technology solutions, for approximately $224 million in cash. Based in Los Angeles, Vubiquity connects content owners like Time Warner and Disney, distributors like Comcast and Sky and OTT providers like Netflix and Amazon to deliver entertainment across platforms on a global scale.

Amdocs said the impact of the acquisition of Vubiquity on Amdocs' non-GAAP earnings per share is expected to be neutral in fiscal year 2018, and accretive thereafter.

The Boards of Vubiquity and Amdocs have approved the all-cash transaction which, subject to the satisfaction of the conditions to closing, is expected to be completed by the end of the second quarter of fiscal 2018.