$7.2 billion Twilio is spending $2 billion to buy one of its publicly-traded partners (SEND, TWLO)

Business Insider -

Business Insider—Twilio, which makes communication tools for websites, is acquiring SendGrid. SendGrid, an email marketing platform, went public in November 2017. Twilio's acquisition, which is all-stock, values SendGrid around $2 billion. That's a premium over the $1.43 billion at which SendGrid was valued at the closing bell. Twilio, the $7.4 billion company that helps apps and websites send texts and make calls, is acquiring SendGrid in an all stock deal valued around $2 billion. The transaction, which was...

Twilio to Buy SendGrid in $2 Billion Stock Deal. Twilio is buying SendGrid in a roughly $2 billion all-stock deal that would add email delivery to Twilio’s offerings.