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General

Twilio buys Segment for USD 3.2 billion

Monday 12 October 2020 | 13:47 CET | News
Cloud communications specialist Twilio has confirmed the acquisition of data infrastructure company Segment for USD 3.2 billion. The full stock transaction, on a cash and debt basis, is expected to close in the fourth quarter. The board of directors of both companies have already given their approval. The deal is expected to create a combined total addressable market for Twilio of USD 79 billion.

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Categories: General
Companies: Twilio
Countries: World
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