Agora To Acquire China's Messaging API And Cloud Provider Easemob

by Anusuya Lahiri, Benzinga Staff Writer
January 28, 2021 7:14 AM | 1 min read |
  • Agora, Inc. (NASDAQ: API) is set to acquire Easemob, an instant messaging API and cloud service provider in China.
  • The acquisition will be an all-cash transaction, but the purchase price remains undisclosed.
  • “Easemob perfectly complements our product offerings and will accelerate the realization of our vision in making real-time engagement ubiquitous,” said Agora CEO Tony Zhao.
  • The transaction is expected to close in the first quarter of 2021.
  • Price action: API shares are higher by 1.86% at $55.23 in the pre-market session on the last check Thursday.
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