Salesforce Shopping Itself To Oracle For $75/ Share?
Written by on February 9th, 2008 in Ajax News.
Tis the season for deal speculation, with Tom Foremski quoting sources who say that Salesforce has approached Oracle “to gauge if there is any interest in a sale at $75 a share.”
If Oracle did take the deal, it would value Salesforce at just shy of $9 billion.
Michael wrote in June 2007 that Saleforce was “acquisition bait,” although at the time the rumors were pointing to a deal with Google. That didn’t happen, although Google and Salesforce did end up partnering for online ad sales.
Salesforce’s stock has weathered the stock market downturn fairly well, closing at $50.86 Friday, down from a peak of $64 in December, however a deal at $75 a share is still down on speculation of a deal at $80-$85 a share last year.
See our previous Salesforce coverage here.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/232437837/