Twilio rises on report of hedge fund Anson's stake

Twilio

28/11/2023 15:16

** Shares of Twilio  TWLO.K  up 1.77% at $63.9 after The
Information reports that Anson Funds is building a stake in the
cloud communications firm 
    ** Anson has urged TWLO to sell itself or divest its data
and applications business, citing a letter sent by the hedge
fund to the company's board this month
    ** Toronto-based Anson's current stake in TWLO is worth $50
mln, according to the report
    ** Twilio said it was well-positioned to drive profitable
growth in response to a Reuters request for comment, but did not
comment specifically on Anson's stake
    ** Stock is up 28.3% YTD, as of last close

 (Reporting by Pranav Kashyap in Bengaluru)