Facebook Nears Purchase of Startup in Deal That Values It at $1 Billion
By Cara Lombardo
Facebook Inc. is nearing a deal to buy Kustomer, a startup that
specializes in customer-service platforms and chatbots, according
to people familiar with the matter.
The deal, which could be completed as soon as Monday afternoon
assuming talks don't fall apart, would value New York-based
Kustomer at a little over $1 billion, the people said. Closely held
Kustomer was valued at $710 million in a private funding round
roughly a year ago, according to PitchBook.
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(END) Dow Jones Newswires
November 30, 2020 10:44 ET (15:44 GMT)
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