Grammarly Acquires Coda, Names Shishir Mehrotra CEO

• Grammarly is acquiring productivity startup Coda, with the deal closing in January and Coda's CEO Shishir Mehrotra taking over as Grammarly's CEO.
• The acquisition aims to enhance Grammarly's AI focus and integrate Coda's collaboration tools, amidst competition from tech giants like Apple.
• Coda's technology will help Grammarly expand its corporate customer base, with existing clients including Zoom and Salesforce.

Source: Bloomberg