Salesforce Shopping Itself To Oracle For $75/Share?
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'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 from speculation of a deal at $80-$85 a share last year.
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