Klaviyo shares jump 8% as Salesforce moves to acquire rival Braze for $5.7 billion

Investing.com — Klaviyo (NYSE: KVYO) shares rose 8% on Tuesday following news that Salesforce (NYSE: CRM) reached a definitive agreement to acquire rival customer engagement platform Braze (NASDAQ: BRZE) in a transaction valued at approximately $5.66 billion. Under the terms of the deal, Braze Class A shareholders will receive $47.50 in cash per share.