Friday, February 1, 2019

SendGrid Now Part Of Twilio After $3 Billion Acquisition

Email delivery services provider SendGrid is now officially part of cloud communications platform operator Twilio, Twilio said on Friday. SendGrid--which has significant operations in Anaheim, where one of its co-founders also was based--was acquired in a deal worth $3 billion. The deal had originally been announced last year. Twilio said the deal is worth approximately $53.99 per share of SendGrid common stock. Publicly traded SendGrid ceased trading on Friday morning on the New York Stock Exchange. SendGrid has a large office in Irvine. The company had its IPO in November of 2017.