Oracle News Desk
Saleforce.com for Sale to Oracle at $75 a Share!
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.
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Adam commented on 18 Feb 2008
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.salesforcetimes.com/oracle-to-buy-salesforcecom/
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Salesforce News Desk commented on 17 Feb 2008
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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