Twilio and SendGrid have been notified of early termination of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976 (HSR Act),Twilio announced last week.
Twilio had announced last month that it had reached a deal to acquire SendGrid for $2 billion in an all-stock transaction.
The purchase is expected to close in the first half of 2019, subject to other closing conditions.
Twilio expects that adding SendGrid’s email API platform to its cloud communications platform will provide value to the clients of both firms. The two firms have over 100,000 customers between them.