Saudi Aramco unit in talks to invest $1b in US software maker Mavenir: report

Saudi Aramco unit in talks to invest $1b in US software maker Mavenir: report

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo

Saudi Aramco’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the US telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday.