Klaviyo shares jump 8% as Salesforce agrees to acquire rival Braze for $5.7 billion
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com — Klaviyo (NYSE: KVYO) shares rose 8% on Tuesday following news that Salesforce (NYSE: CRM) reached a definitive agreement to acquire rival customer engagement platform Braze (NASDAQ: BRZE) in a transaction valued at approximately $5.66 billion. Under the terms of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishConsolidation in digital marketing software can reshape the sector and benefit direct competitors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Klaviyo shares rose 8% on Tuesday following the news.
- 02Salesforce reached a definitive agreement to acquire Braze.
- 03The transaction is valued at approximately $5.66 billion.
- 04Braze Class A shareholders will receive $47.50 in cash per share.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Klaviyo, Inc.19.01 USD-0.89%today +8.50%Positive Salesforce, Inc.240.40 USD+0.02%today -0.85%Neutral Braze, Inc.45.33 USD+50.88%today +50.88%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets