B. Riley Financial, Inc. and magicJack VocalTec Ltd. Receive Regulatory Approval from the FCC Related to B. Riley’s Pending Acquisition of magicJack
Upon closing of the transaction, magicJack will be managed by B. Riley’s Principal Investments subsidiary which currently owns and operates
Broadsmart, a leading hosted UCaaS (Unified Communication as a Service) provider for medium-to-large multi-location enterprise customers, is a division of
magicJack® is a registered trademark of
B. Riley Financial provides collaborative financial services and solutions tailored to fit the capital raising and financial advisory needs of public and private companies and high net worth individuals. The company operates through several wholly-owned subsidiaries, including B. Riley FBR, a full-service investment bank and institutional brokerage; Great American Group, a leading provider of asset disposition, appraisal, corporate advisory and valuation services; GlassRatner, a specialty financial advisory services and consulting firm; B. Riley Wealth Management, B. Riley Asset Management and B. Riley Alternatives, which offer investment management to institutional and high net worth investors; Great American Capital Partners, which originates and underwrites senior secured loans for asset-rich companies; and B. Riley Principal Investments, which invests in or acquires companies and assets with attractive return profiles.
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the parties’ current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, the actual result may differ from the forward looking statements. Factors that could cause results to differ include (without limitation) the possibility that the merger does not close when expected or at all because of the occurrence of currently unforeseen circumstances. All information is current as of the date of this press release, and the parties undertake no duty to update this information.
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|Investor Relations||Jo Anne McCusker|
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Source: B. Riley Financial, Inc.