Saleforce.com for Sale to Oracle at $75 a Share! @ ORACLE DEVELOPER'S JOURNAL

Saleforce.com for Sale to Oracle at $75 a Share!

Salesforce CEO and erstwhile Larry Ellison lieutenant Marc Benioff might be Ellison's natural successor

Feb. 20, 2008 02:00 PM

The Silicon Valley Watcher blog claims to have it on good authority that that shrine to software-as-a-service Salesforce.com has approached Oracle looking to get bought for $75 a share, something like $9 billion, roughly a 50% premium. And if such a deal were done, it foresees Salesforce CEO and erstwhile Larry Ellison lieutenant Marc Benioff as Ellison's natural successor. It figures Benioff is bored and notes that he's been reducing his financial position in Salesforce by selling shares every day since July of 2006. It argues that Salesforce, which Ellison seeded, would strengthen Oracle's hand against SAP and that Oracle will have to buy the joint at some point anyway because NetSuite, Larry's other chip on the SaaS table, can't scale to Salesforces' size fast enough.

Published Feb. 20, 2008 — Reads 4,382
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About Maureen O'Gara
Maureen O'Gara is the Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

Adam wrote: Maureen, You're a week late on the story and your title is misleading. This is a rumor that was started last weekend, possibly to drive up Salesforce.com stock. The rumor was never confirmed and Salesforce.com (NYSE: CRM) did increase in value somewhere in the range of 7-10% at the start of last week. For more details check out: http://www.salesforc etimes.com/oracle-to-buy- salesforcecom/

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Salesforce News Desk wrote: And if such a deal were done, it foresees Salesforce CEO and erstwhile Larry Ellison lieutenant Marc Benioff as Ellison's natural successor.

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