Twilio Inc (NYSE:TWLO) - Twilio Analyst Weighs In On $850M Zipwhip Buyout
Share: On Monday, Twilio Inc (NYSE: TWLO) announced an $850 million deal to acquire Zipwhip, a company that helps enable businesses to use their existing toll free business phone numbers to text customers. Deal Makes Sense: Bank of America analyst Daniel Bartus said Tuesday the Zipwhip deal makes a lot of sense for Twilio, and investors can expect more deals in the near future given the company’s $5.7 billion cash cushion. “In our view, the technology is highly complementary as it enhances Twilio’s core Messaging, aligns well with Customer Engagement efforts, and strengthens Twilio’s...
Source: benzinga.com