News about BRZE

Klaviyo (KVYO) shares jumped Tuesday morning, rising as much as 11.8% in early trading and 11.6% at 1:13 p.m. ET. The rally followed Salesforce's agreement to acquire rival Braze (BRZE) for $47.50 per share in cash, a deal valuing Braze at $5.66 billion and representing a 58% premium to Monday's close. The article argues investors see the premium as validation of Klaviyo's approach, even though Braze targets mobile apps while Klaviyo serves e-commerce direct-to-consumer marketing. Under Salesforce, Braze may shift toward enterprise customers, reducing overlap and possibly making Klaviyo a takeover target, and the article notes Klaviyo trades at 23 times forward earnings.