Exclusive: Microsoft has no plans to pursue Salesforce – sources

May 8, 2015 Off By David

Grazed from Reuters. Author: Editorial Staff.

Microsoft Corp currently is not weighing an offer for Salesforce.com Inc (CRM.N), two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company. Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer.

Microsoft considers Salesforce’s current market valuation expensive, one of the people said. It is possible that Microsoft could review a bid for Salesforce in the long term, the other person said. The sources asked not to be identified because the deliberations are confidential. Microsoft and Salesforce both declined to comment…

San Francisco-based Salesforce is No. 1 in the $23 billion-a-year customer relationship management (CRM) market, according to tech research firm Gartner. It helps corporations organize and track sales calls and leads…

Read more from the source @ http://www.reuters.com/article/2015/05/08/us-salesforce-m-a-microsoft-idUSKBN0NT01Q20150508