Bill.com, a cloud-based payments service for SMBs, has agreed to acquire expense management software provider Divvy for $2.5B in cash and stock (Luisa Beltran/Barron’s Online)
bill.com smbs barrononline Divvy, a startup in expenditure reporting, will be acquired by the fintech Bill.com for $2.5 billion. According to a release, Bill.com (ticker: BILL) will pay $625 million in cash and $1.875 billion in shares as part of the agreement, which was announced on Thursday. The transaction has been authorised by the boards…