Salesforce announced an agreement on Tuesday to buy enterprise software company Mulesoft in a merger that would value Mulesoft at $6.5 billion.
Salesforce announced an agreement on Tuesday to buy Mulesoft in an enterprise technology merger that would value Mulesoft at $6.5 billion.
Salesforce will pay $44.89 per share for Mulesoft, a 36% premium — each Mulesoft share will equal $36 in cash and 0.0711 shares of Salesforce common stock, the companies said. The deal is expected to close by the end of July.
Mulesoft makes a platform that helps Fortune 500 companies stitch together disparate software applications, data, and devices. Salesforce CEO Marc Benioff said in a statement that the merger will help Salesforce users unite data across different cloud products.
Mulesoft had one of the best opening IPO days of 2017 when it went public a year ago on the New York Stock Exchange. Prior to its public offering, Mulesoft raised money from Salesforce Ventures.
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