Twilio to Acquire SendGrid, the Leading Email API Platform
Twilio & SendGrid Together Serve Millions of Developers, Have 100,000+ Customers, and Have a Greater than $700 Million Annualized Revenue Run Rate*
Twilio (NYSE:TWLO) and SendGrid today announced that they have entered into a definitive agreement for Twilio to acquire SendGrid in an all-stock transaction valued at approximately $2 billion. At the exchange ratio of 0.485 shares of Twilio Class A common stock per share of SendGrid common stock, this price equates to approximately $36.92 per share based on today’s closing prices. The transaction is expected to close in the first half of 2019.
Read more about the details regarding the proposed SendGrid acquisition.
* Annualized data for the quarterly period ended June 30, 2018.
* Both Twilio and SendGrid were acquired via secondary purchase.