Someone wants to buy $44 billion Salesforce
Robert Galbraith/Reuters
It's unclear who the takeover offers are coming from, but if the deal goes through it would be the largest software company to get acquired in history.
Salesforce shares are soaring after the news hit the wires, up almost 13%. At one point, they went up as high as 17%.
Any company that acquires Salesforce would immediately become a market leader in the cloud CRM space. Some of the possible buyers for Salesforce would be Oracle, SAP, and Microsoft, the big enterprise software companies that have the cash and are in direct competition with Salesforce in the CRM space.
Founded in 1999, Salesforce has been one of the pioneers in the cloud-enterprise software market. Its main product is CRM software, which helps salespeople track sales leads and optimize sales strategies.
In its latest earnings, Salesforce had $1.44 billion in earnings, up 26% from last year. For the full year, it earned $5.37 billion, a 32% increase from the previous year.
Salesforce declined to comment on the story.
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market