Activist fund Anson takes Twilio stake, urges board to sell
Publishing timestamp: 2023-11-28 11:54:56
Summary
Activist investor Anson Funds has built a stake in Twilio and is pushing for the sale or divestment of the entire business. The stake is valued at $50 million and was assembled around the same time that Sagar Gupta joined Anson from Legion Partners. Anson has sent a letter to Twilio's board urging them to sell the company or at least divest its data and applications business. Twilio's stock has seen some growth but remains below its 2021 highs. The article also mentions other tech acquisitions that have taken place recently.
Sentiment: MIXED
Tickers: SPLK, NTNX, CSCO, TWLO, IBM,
Keywords: business, twilio inc, markets, breaking news, enterprise, breaking news: technology, technology, nutanix inc, investment strategy, business news, cisco systems inc, breaking news: investing, breaking news: markets, international business machines corp, splunk inc,
Source: https://www.cnbc.com/2023/11/28/activist-fund-anson-takes-twilio-stake-urges-board-to-sell.html