From The Motley Fool · Danny Vena, CPA · · 30s
Klaviyo Stock Rallies After Salesforce Acquires Braze
Salesforce's $47.50 per share Braze acquisition boosts Klaviyo shares 11.8%.
In brief
Salesforce's $47.50 per share Braze acquisition boosts Klaviyo shares 11.8%. Klaviyo stock rose 11.6% after Salesforce agreed to buy Braze for $47.50 per share. Originally reported by The Motley Fool.
Salesforce Announces Braze Acquisition
Salesforce agreed to buy Braze for $47.50 per share in an all-cash deal.
Klaviyo Stock Rises 11.8%
Klaviyo stock gained as much as 11.8% in early trading after the news.
Acquisition Validates Klaviyo's Approach
Investors see the deal as validation of Klaviyo's direct-to-consumer marketing strategy.
What to remember
Klaviyo stock rose 11.6% after Salesforce agreed to buy Braze for $47.50 per share.
