Cloud Computing: Microsoft Drops Bid For Salesforce Following $70 Billion Request

May 23, 2015 Off By David
Object Storage

Grazed from FranchiseNews.  Author: Michael Smith.

Microsoft officials have dropped their bid for ownership over global cloud computing company Salesforce following Chief Executive Officer Marc Benioff’s price tag request of $70 billion.

Salesforce officials were offered a $55 billion package by their counterparts, but declined the offer. The San Francisco-based company is still under negotiations for a future buyout…


"At $55 billion that would be a digestible acquisition and one that would make sense for Microsoft given (Microsoft CEO Satya) Nadella’s strategic cloud vision," FBR Capital Markets analyst Daniel Ives wrote in an e-mail to the San Jose Mercury News. "Salesforce is the golden jewel in the cloud given its leadership position and stellar brand and distribution."…

Read more from the source @ http://www.franchiseherald.com/articles/27747/20150522/microsoft-drops-bid-for-salesforce-following-70-billion-request.htm#ixzz3b01tXeeD