SendGrid will operate as a wholly-owned subsidiary of Twilio once the deal closes.
Twilio is paying SendGrid shareholders 0.485 shares of its class A common stock for every SendGrid share they own, which carries a $36.92 per share purchase price based on Monday’s closing price.
Who owns SendGrid?
Who purchased SendGrid?
SendGrid will become a wholly owned subsidiary of Twilio and its common stock will be converted into Twilio stock. The companies expect the acquisition to close in the first half of 2019, after it has been cleared by the authorities.
How much did twilio pay SendGrid?
The company said that it has closed its acquisition of email specialist SendGrid. First announced four months ago, Twilio today said the all-stock deal is valued at $3 billion — up from a $2 billion price tag when it was initially announced.
When did twilio buy SendGrid?
Since Twilio announced its definitive agreement to acquire SendGrid on October 15, 2018, we’ve been eagerly anticipating this day.