Report: Salesforce interested in fielding takeover discussions
Is Oracle interested in acquiring Salesforce?
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.
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."
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