Salesforce.com, inc. CRM is buying Tableau Software Inc DATA for about $15.7 billion. Each share of Tableau class A, B stock will be exchanged for $1.103 shares of Salesforce’s common stock.
Tableau Software is an interactive data visualization software company and Salesforce is a cloud-based software company headquartered in San Francisco.
"Data is the foundation of every digital transformation, and the addition of Tableau will accelerate our ability to deliver customer success by enabling a truly unified and powerful view across all of a customer's data," said Salesforce co-CEO Keith Block in a press release.
Salesforce is trading down 4.5 percent in Monday's pre-market session, while Tableau is higher by 34 percent at $168 per share.
Related Links:
IPO Outlook For The Week: Freelancers, Web Security And Pet Products
Notable Insider Buys This Past Week: American Airlines, MGM and More
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
