Salesforce CEO Marc Benioff sounds like he's not interested in Twitter right now
Salesforce
In an analyst meeting held at Dreamforce on Wednesday, Benioff addressed some of the questions related to Twitter buyout rumors, although he didn't flat out deny anything.
"I think it's a great brand and I just wish Jack [Dorsey] very well...good on his company, that's how I look at it today," Benioff said.
Benioff did imply that he looked into the possibility of a Twitter deal, calling it an "unpolished jewel" at one point - a remark he reportedly has made in private as well, according to the Wall Street Journal.
"We look at everything, and we don't buy most things, and we haven't agreed to buy that company... it's an unpolished jewel," he said.
Benioff also reiterated that Salesforce has a very "disciplined M&A process," that involves the board and the whole management team, stressing that his company's stock went up most of the time after announcing acquisitions in the past.
"We will think through everything, but we would never do a deal that would ever do the kind of things that I've been reading in these emails, OK? I mean the kind of things I've been reading in the emails are so extreme, I'm like, Jesus, do they really think that we would do a deal at that level?" Benioff said, possibly referring to emails he's received from analysts questioning the rationale behind a Twitter deal.
Salesforce stock dropped as much as 8% Wednesday after it was reported that Benioff was seriously considering a Twitter acquisition. Twitter stock plunged almost 10% in after hours after it was reported that Google was not interested in buying the company.
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- A millennial manager went viral after her Gen Z assistant picked up a work call while at the hair salon: 'Go off queen'
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings