Facebook to Acquire Kustomer in $1 Billion Deal

Facebook (NASDAQ: FB) announced in a blog post on Monday that it would acquire privately held start-up Kustomer. The company provides a customer-relationship management (CRM) platform that helps businesses manage customer communications across a variety of channels.  

The price of the deal wasn't disclosed but was reportedly worth just over $1 billion, according to a report in The Wall Street Journal, citing "people familiar with the matter." 

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Source Fool.com