Jeff Lawson, co-founder and main government officer of Twilio Inc., middle, rings the opening bell on the ground of the New York Stock Trade in New York, Sept.17, 2018.
Michael Nagle | Bloomberg | Getty Photos
Activist trader Anson Money has developed a stake in Twilio and sent a letter to the company application firm’s board pushing for the sale of the full organization, a person familiar with the make a difference told CNBC.
Twilio shares rose about 3% on the news in premarket investing.
Anson did not hold any Twilio stock for the period ending Sept. 30, in accordance to securities filings, but has because built a stake valued at all over $50 million, the individual common claimed. The letter to the board urges Twilio to either sell itself or at a least, divest its data and purposes enterprise, the individual common explained.
The growth of the stake coincided with Anson’s hiring of Sagar Gupta from Legion Companions. Gupta led Legion’s activist engagements with Twilio and Nutanix, a cloud computing organization.
A spokesperson for Twilio was not instantly readily available for remark.
The information was first noted by The Facts.
This is a developing story. You should look at back again for updates.
