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.

Kustomer…

This post first appeared on wsj.com

You May Also Like

A new ‘litmus test’ rises in GOP primaries: Ukraine aid

Additional funding to help Ukraine fight its war against Russia has divided…

Biden Framework for Social-Climate Package Fails to Ease Passage of Infrastructure Bill

WASHINGTON—The White House released a $1.85 trillion framework designed to show progress…

Publisher Buys Stakes From Prince’s Heirs in Bid to Steer Singer’s Legacy

In a sign o’ the times, Prince’s music is attracting new investment.…

Facebook is staring down a ‘perfect storm’ of challenges that will define its future

Facebook has had an abysmal week. In its fourth-quarter earnings report, parent…