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Report: Salesforce interested in fielding takeover discussions

Is Oracle interested in acquiring Salesforce?

Michael Hatamoto | Apr 29, 2015 at 9:10 pm CDT (0 mins, 42 secs time to read)

Cloud specialist Salesforce has been approached by at least one potential acquirer, and is now discussing the matter with advisers, according to a report published by Bloomberg. It seems like Oracle, led by Chairman Larry Ellison, may want to bring Salesforce CEO Marc Benioff back onboard.

Report: Salesforce interested in fielding takeover discussions | TweakTown.com

News of a possible takeover helped boost Salesforce's shares up to $78.46, a 17.3 percent spike, during trading on Wednesday. Shares closed at $74.65, up 11.6 percent, with the company initially valued at close to $49 billion.

As for possible suitors, it seems Oracle is the front runner and most "realistic buyer," according to Daniel Ives, analyst at FBR & Co., in a research memo. "Oracle is desperate to establish itself as a leader in the cloud, and acquiring the leading cloud company and bringing on board a visionary leader in Marc Benioff would help toward accomplishing this goal."

Last updated: Apr 6, 2020 at 08:43 pm CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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