Acquisitions

Looks Like Microsoft Might Consider a Bid for Salesforce.com

Looks Like Microsoft Might Consider a Bid for Salesforce.com
Image credit: Anna Kuperberg
Microsoft CEO Satya Nadella and Salesforce CEO Marc Benioff.
2 min read
This story originally appeared on Fortune Magazine

Shares of Salesforce were briefly halted because of volatility Tuesday afternoon following rumors that Microsoft is considering a bid for the cloud software giant.

Microsoft is evaluating an acquisition offer for Salesforce after another unidentified suitor approached the San Francisco-based company, according to Bloomberg, citing anonymous sources. Salesforce, led by CEO Marc Benioff, held talks with the unnamed potential buyer as recently as last month and is now working with a pair of investment banks to decide how it will respond to any overtures, the report said.

Salesforce’s stock is up more than 8% since last week, when Bloomberg first reported that the company was in the process of responding to a takeover bid. Founded in 1999, Salesforce has a market value of roughly $48 billion.

As Fortune noted last week, Microsoft would seem to be one of the most likely candidates to buy Salesforce considering CEO Satya Nadella has identified the growth of Microsoft’s cloud business as a key component in his turnaround plan for the company. Microsoft is also one of the few potential bidders with plenty of cash on hand to afford Salesforce, and Benioff has been complimentary of Nadella in the past.

Both Salesforce and Microsoft declined to comment to Fortune about any acquisition bids.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.