Salesforce is listening to takeover offers

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 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)…

View original post 757 more words


Published by

Rad BMW Blog

Business & Marketing Development Professional who recently fulfilled a boyhood dream of owning a BMW! Sharing his experiences with his new BMW 535d xDrive!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s