Twilio to buy email API platform SendGrid in USD 2 bln deal

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(Telecompaper) Cloud communications provider Twilio has announced a deal to acquire email API platform SendGrid in an all-stock transaction valued at around USD 2 billion. Twilio said it will offer 0.485 share of its stock for each SendGrid Class A common share, equating to about USD 36.92 per share.
Source: Industry News (syndicated from Telecompaper.com)

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