Salesforce to acquire Braze in a $5.66 billion deal
SynopsisSalesforce has disclosed its intention to acquire Braze for approximately $5.66 billion in cash per share. Under the terms of the agreement, Braze shareholders will receive $47.50 for each Class A share. This…
Synopsis
Salesforce has disclosed its intention to acquire Braze for approximately $5.66 billion in cash per share. Under the terms of the agreement, Braze shareholders will receive $47.50 for each Class A share. This acquisition is contingent on receiving necessary approvals from shareholders and regulators, with a projected closure date in Salesforce's fiscal year 2028. Following the announcement, Salesforce shares dipped by 2.6% in premarket trading.Listen to this article in summarized format
Salesforce said on Tuesday it would acquire customer engagement platform Braze for about $5.66 billion.The customer relationship management platform's shares fell 2.6% in premarket trading.
Braze Class A shareholders will receive $47.50 in cash per share, under the terms of the agreement.
The deal is expected to close in Salesforce's fiscal year 2028, subject to approval by Braze shareholders and regulators. Add as a Reliable and Trusted News Source Add Now!
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
