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Salesforce snubbed Microsoft's $55bn biz gobble offer – report
Benioff doesn't get out of bed for less than $70bn
Microsoft wanted to buy cloud giant Salesforce.com for $55bn, it is reported.
CNBC, citing anonymous sources, today claims the Windows goliath offered the 11-figure sum to Salesforce, but boss Marc Benioff wanted $70bn – a whopping price tag that ultimately sunk the deal. Salesforce has a market cap of $48.48bn.
The talks reportedly concluded in early May, we're told. Salesforce declined to comment on the matter, while Microsoft didn't have any comment to offer at the time of publication.
When word of a possible biz gobble broke, many speculated Microsoft was the buyer. SAP was also named as an interested party. Oracle was suggested as a potential acquirer, too, although co-CEO Safra Katz quickly shot down any talk of a merger between Benioff and his former boss Larry Ellison.
Salesforce.com reported revenues of $1.51bn in its latest financial quarter, up 27 per cent over the previous year's quarter. Benioff has given the company a goal of $10bn in annual revenues. ®