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Twilio to acquire email company SendGrid

Photo of Twilio CEO Jeff Lawson at TechCrunch Disrupt.
Twilio CEO Jeff Lawson during TechCrunch Disrupt London 2015. Photo: John Phillips/Getty Images for TechCrunch

Twilio, which sells cloud-based communication tech, is acquiring email company SendGrid in an all-stock deal for $2 billion.

Why it matters: This is Twilio's biggest acquisition to date, which went public on the day of the Brexit vote.