Conduent Announces Agreement to Sell Its Tolling Business to Quarterhill Inc. for $70 Million
Conduent entered into a definitive agreement to sell its Tolling business to Quarterhill Inc. for $70 million in cash, plus a 7% equity interest in Quarterhill. Quarterhill will assume most liabilities associated with the business, and the transaction is expected to close before the end of 2026.
Key figures
- Deal Value Usd
- 70000000
- Equity interest percent
- 7%
- Prior transaction value usd
- 164000000
AI analysis
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