About This Deal

Twilio acquired SendGrid, Inc. for $2.6 billion (all-stock; 23.4 million Twilio Class A shares issued at close; announced at ~$2 billion in Oct 2018 at a 0.485 exchange ratio), a transaction announced in February 2019.

Added the leading email API platform to Twilio's cloud communications platform, giving developers a single best-in-class platform spanning voice, messaging, video and email.

Added the leading email API platform to Twilio's cloud communications platform, giving developers a single best-in-class platform spanning voice, messaging, video and email.

Deal Terms

Acquirer
Twilio
Target
SendGrid, Inc.
Value
$2.6 billion (all-stock; 23.4 million Twilio Class A shares issued at close; announced at ~$2 billion in Oct 2018 at a 0.485 exchange ratio)
Date
February 2019
Type
Full acquisition
Status
Completed

Transaction Details

Announced
February 1, 2019

In Their Words

Increasingly, our customers are asking us to solve all of their strategic communications challenges - regardless of channel. Email is a vital communications channel for companies around the world, and so it was important to us to include this capability in our platform.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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