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Twilio to Buy SendGrid for $2 Billion in Bid to Expand Products

Photographer: Michael Nagle/Bloomberg

Twilio Inc., a software maker, will buy SendGrid Inc. for $2 billion in an all-stock transaction to boost its suite of communication tools.

Twilio will offer 0.485 shares for each share of SendGrid stock, which values it at $36.92 per share, the companies said Monday in a statement. That’s a 19 percent premium on SendGrid’s Monday closing price of $30.93.