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Twilio Sells India Business ValueFirst, Issues Additional Proxy Materials

By
Maria Heeter
· · Source: The Information

Twilio announced Thursday it would sell ValueFirst, the India-based business it acquired in 2021, to Indian mobile operator Tanla. The divestiture comes as activist investor Legion Partners urges the company to consider board changes and divestitures, though it’s unclear whether the spinoff was related to Legion’s stake. Twilio said that “allocating our resources to other strategic priorities...

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