Report: Microsoft Eyes Salesforce Bid
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA new report suggests Microsoft Corp. (Nasdaq: MSFT) is considering a bid for California-based Salesforce.com Inc. (NYSE: CRM), which acquired ExactTarget in 2013. Bloomberg reports Salesforce.com has a market value of nearly $50 billion. Salesforce.com acquired ExactTarget in 2013 for $2.5 billion. The cloud software provider recently ranked 8th in Fortune's annual list of the Best Companies to Work For.
In March, Chief Executive Officer Mark Benioff said the company would cancel all programs requiring employees to travel to Indiana in response to the state's Religious Freedom Resotration Act. He lifted those travel restrictions after legislators added clarifying language to the law.
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Source: Bloomberg