Could Sovereign Wealth Funds Back Possible Salesforce Takeover?
Cloud software giant Salesforce.com Inc. is working with financial advisers to assist in fielding takeover offers. According to Bloomberg, the company was approached by a potential acquirer. After news of a potential takeover, Salesforce’s market value jumped, giving the cloud business a market value of US$ 49 billion. Yesterday afternoon, sales for Salesforce.com stock was temporarily halted yesterday after shares popped 12%.
In some cases, a sovereign wealth fund like GIC or large pension could grease the deal, providing financial firepower.
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