Vivint Smart Home Inc has agreed to reduce its initial enterprise value to about...
Mosaic will take on the Vivint name after the deal closure.
In addition to the previously disclosed $125 million investment in Vivint, the amendment to agreement will also see Fortress Investment Group LLC investing up to $50 million in Vivint, the companies said in a joint statement on Wednesday. Blackstone, along with other existing investors of Vivint will own about 55% percent of the company following the merger, the companies said.
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