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DATA - Salesforce.com: The Tableau Acquisition Is A Game Changer
Tableau Software Inc. Class A
Introduction
Salesforce.com (CRM) recently acquired Tableau (DATA) in an all-stock deal valued at roughly $16 billion. Wall Street wasn’t too happy at the announcement of the deal, sending the stock down as much as 8% the day it was announced. Criticisms of the deal are that Salesforce overpaid for Tableau or that maybe Salesforce was stepping way outside its comfort zone. Given that it was an all-stock deal, the acquisition is expected to decrease fiscal 2020 non-GAAP EPS by 37 cents to 39 cents. In 2018, Salesforce earned $1.43 per share