Activist investor Anson Funds has acquired a stake in Twilio Inc (NYSE: TWLO), the enterprise software company, and is pushing for its sale, sending the stock price up.
Activist investor Anson Funds is pushing for a sale or business divesture at Twilio after building a stake in the enterprise software company, a person familiar with the matter told CNBC. The stake is valued at $50 million and was assembled around the same time that Sagar Gupta joined Anson from Legion Partners. Activist investor Anson Funds has built a stake in Twilio and sent a letter to the enterprise software company's board pushing for the sale of the entire business, a person familiar with
Activist investor Anson Funds has built a stake in Twilio (NYSE:TWLO) and sent a letter to the enterprise software company’s board pushing for the sale of the entire business.
Twilio shares rose as much as 2% on the news in Tuesday morning trading, .
The hiring is mainly centred around expansion plans for the next year. The startups say they are also looking for niche talent to prepare for the future and enter new markets.