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Klaviyo shares rise 8% on Salesforce agreement to acquire Braze

Investing.com +1 ·

CRM Salesforce Inc
$242.43 -0.01%
View chart & analysis →
KVYO KVYO +11.93%BRZE BRZE +51.70%
  1. 1Salesforce has reached a definitive agreement to acquire Braze for approximately $5.66 billion.
  2. 2Braze Class A shareholders will receive $47.50 per share in cash.
  3. 3Klaviyo shares rose 8% on Tuesday.

So what's the key point?

Salesforce decided to buy Braze for about $5.66 billion. Following this news, Klaviyo shares rose 8%.

Source Investing.com +1 · View original ↗

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