Five days on from its impressive Q1 report that saw CRM stock gain 5%, shares of Salesforce (NYSE:CRM) are declining. Shares are down 4.57% at present and selling for $153.90 USD at the time or writing.
Shares of the cloud-based software company are reacting to news that it is buying data firm Tableau Software (NYSE:DATA) for $15.3 billion.
CRM Stock is Down As Salesforce Buys TableauThe all-stock deal will see Tableau shareholders receive 1.103 Salesforce shares. This amounts to a premium of 42% over Friday’s closing price of $125.22 and prices shares at ...
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