B. Riley Financial Inc. ($rily) is making a significant move in the communications sector by acquiring Sangoma Technologies Corporation in a deal valued at approximately $204 million. Announced on September 28 and 29, 2026, this transaction offers Sangoma shareholders $4.925 in cash plus 0.04767 shares of B. Riley stock per Sangoma share, reflecting a roughly 47% premium over Sangoma’s recent trading prices. This strategic acquisition is set to integrate Sangoma into B. Riley’s telecom portfolio, expanding its footprint in AI-powered customer experience and contact center solutions aimed at small to mid-market businesses.
The deal has strong backing from Sangoma’s board and insiders, who collectively hold about 27% of shares and have committed to support the transaction. Expected to close by early 2027 pending shareholder approval and regulatory clearance, the acquisition will position Sangoma as part of B. Riley’s broader communications platform, which already includes several established brands. B. Riley’s leadership highlights the move as a way to accelerate recurring revenue growth and enhance enterprise-grade capabilities, signaling confidence in the combined company’s future operational and financial strength.
With the market currently closed, investors will be watching closely when trading resumes Wednesday morning at 9:30 AM ET to see how the market digests this transformative deal for $rily.
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