SendGrid Sells to Twilio for $2 Billion
San Diego – October 29, 2018 – Cooley advised digital communications platform SendGrid on its agreement to sell to Twilio in an all-stock transaction valued at approximately $2 billion. The transaction is expected to close in the first half of 2019. Cooley partners Barbara Borden, Michael Platt and Matthew Dubofsky led the team advising SendGrid on the transaction.
The resulting combined company hopes to drive tremendous value to customers through a single, best-in-class platform to manage all important communication channels – voice, messaging, video and email. Together, the companies currently drive more than half a trillion customer interactions annually.
“This is a tremendous day for all SendGrid customers, employees and shareholders,” said Sameer Dholakia, SendGrid’s chief executive officer, in a news release. “Our two companies have always shared a common goal – to create powerful communications experiences for businesses by enabling developers to easily embed communications into the software they are building.”
SendGrid is a leading digital communications platform enabling businesses to engage with their customers via email reliably, effectively and at scale. Cooley previously advised the company on its $131 million IPO in 2017. It trades on the New York Stock Exchange under the symbol “SEND.”
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