Sendgrid Acquired By Twilio For $2 Billion
Boulder-based Sendgrid is being acquired by San Francisco-based Twilio, in a deal worth $2 billion in stock, Twilio said late Monday afternoon. Sendgrid offers up API-based email services, used by many Internet, e-commerce, on-demand and other service providers to send emails to their customers. Twilio said it would pay 0.485 shares of Twilio Class A common stock for each share of SendGrid common stock, or approximately $36.92 per share based on today's closing prices.
posted on Monday, October 15, 2018
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