Salesforce is listening to takeover offers

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This would not be a cheap take over yet for particular IT players who have been struggling to cope with changes in the sector – this could be very appealing. SFDC would also have to be careful about any potential backlash from current clients. Especially if current clients perceive that the new owner as a laggard. Interesting times indeed.

Fortune

Salesforce.com stock was halted on Wednesday afternoon, following a Bloomberg report that the company “is working with financial advisers to help it field takeover offers after being approached by a potential acquirer.” The cloud software giant’s shares had spiked 12% prior to the circuit breaker being tripped.

There were no details on the suitor’s identity, although speculation is already running rampant that this could be the first game-changing move for Satya Nadella since taking over last year as CEO of Microsoft [fortune-stock symbol=”MSFT”]. It’s also worth remembering that prior to being named CEO, Nadella led Azure, Microsoft’s cloud business.

A deal for Salesforce [fortune-stock symbol=”CRM”], whose market value is approaching $50 billion, would be among the largest tech acquisitions ever. Microsoft, worth just over $400 billion, is one of the few companies that could pull off such a deal, with $95 billion in cash (although much of that is offshore)…

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GE is taking the axe to its finance arm in a landmark strategy shift

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Huge transformation at General Electric! Shows that no matter your company size, you can not sit still!

Fortune

General Electric Co. [fortune-stock symbol=”GE”] is to get rid most of its GE Capital unit to create a “simpler, more valuable company” focused on its core industrial operations, in a landmark decision for both the company — and, perhaps, the economy too.

GE said it will shed over four-fifths of its in-house bank–the seventh-largest in the U.S.–over the next three years, drawing a thick line under the days when it depended on the freewheeling unit’s financial engineering skills to generate half of its profits.

For the most part, it’s going to give the money it gets for those businesses back to shareholders, mainly through a $50 billion share buyback program, the second-biggest in history. The company’s shares, which have badly lagged the S&P 500 over the last couple of years, rocketed over 8% early Friday, closing in on a seven-year high.

However, Moody’s Investor Service downgraded the company’s debt by…

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The Dukes of Hazzard Actor James Best Dies at 88

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R.I.P.

TIME

James Best, the actor best known for his role as Sheriff Rosco P. Coltrane in the CBS comedy The Dukes of Hazzard, has died. He was 88.

The actor passed away Monday evening in Hickory, North Carolina, after a brief illness and complications from pneumonia, according to an obituary posted to the actor’s personal website.

The Kentucky-born actor appeared in many film and television roles throughout his lengthy career. His credits includeThe Caine Mutiny (1954), alongside actor Humphrey Bogart, and 1958’s The Left Handed Gun with Paul Newman. He also appeared on popular TV programs including The Andy Griffith Show,Bonanza and Gunsmoke.

Best’s recurring role as the silly officer of Hazzard County in The Dukes of Hazzard brought him to national fame during its run from 1979 to 1985.

“He was a fine actor, director and mentor, and an even better friend,”…

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