20 de outubro de 2020 , por
Salesforce said it will issue new guidance on how the acquisition impacts its financial situation going forward. Salesforce is buying Tableau Software in an all-stock deal valued at $15.7 billion. As part of the all-stock deal, Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, representing a premium of 42% to Tableau's Friday closing price. Salesforce.com would still be a $127 billion behemoth at the new, revised share count after the Tableau deal closes, but such a large error in such an elementary calculation makes me wonder if this deal was fully vetted. Salesforce said Tableau will operate independently and under its own brand post-acquisition.
“Salesforce’s acquisition of Tableau gives customers the ability to ensure that self-service and embedded decision support and augmentation is available to all executives, managers and front line employees.”. Oops! All Rights Reserved. Acquisition Date: Jun 10th, 2019; Purchase Price: $15.7B ; One-line Pitch: “ make breakthrough products that change the way people use data.” Why Salesforce bought them: Salesforce’s ethos is to be the #1 in every category their ever-expanding platform covers. They cited a figure from the International Data Corp. that companies will spend $1.8 trillion on digital transformation services in 2022 alone. So, just excluding the cash, the enterprise value of the transaction should have been $14.4 billion. quietly issued its latest financial update. The massive math errors in salesforce.com’s initial press release indicate to me that this deal was slapped together at the last minute in reaction to Google's June 6th announcement of its acquisition of Looker, a competitor to Tableau in the field of data analytics. The buyout is expected to close during Salesforce’s fiscal 3rd quarter.
All Rights Reserved, This is a BETA experience. Opinions expressed by Forbes Contributors are their own. Salesforce Acquisitions tableau. I invest solely for individuals, and for them I try to dispel the darkness that emanates from Wall Street. The all-stock deal is Salesforce’s biggest acquisition yet. Then came COVID-19, This ace engineer powered Amazon through the COVID crisis, How Trump could repeat his 2016 upset in Pennsylvania, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html.
I have reached out to salesforce com IR for an explanation and will update this article when I receive one.
‘sentiment analysis’ tool says, The holidays used to be UPS’s busiest time. The Redmond-based tech giant already competes heavily with Salesforce’s core business with its Microsoft Dynamics customer relationship management technology. It was first announced in early June and it was projected to close by the end of October.
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The buyout is expected to close during Salesforce’s fiscal 3rd quarter. It will also remain headquartered in Seattle, Wash., … Given the decline in Salesforce.com’s share price since the deal was announced, it is now a $13.7 billion deal. Salesforce to buy Tableau for $15.7B, betting on business data in deal for Seattle tech mainstay, Seattle will become Salesforce HQ2 via $15.7B Tableau deal, as Benioff gushes about talent pool, Marc Benioff to skeptical investors: Salesforce’s $15.7B Tableau deal is a ‘spectacular combination’, New filing on Salesforce’s Tableau deal reveals tough six-month negotiations, $552M break-up fee, What gives Bill Gates hope about the world, and one thing he says we should all do right now, AWS, Microsoft, Uber engineering vets raise $20M from top VCs for Seattle startup Temporal, T-Mobile CEO: Apple iPhone 12 launch marks ‘firing gun’ for 5G and T-Mobile leads the race, Here’s how much Microsoft CEO Satya Nadella made in total compensation during fiscal year 2020, Like what you're reading? All rights reserved. Offers may be subject to change without notice. Tableau had no debt and $653 million of cash at the end of the first quarter (not including $359 million of short-term investments.) At DLJ I was a Senior Analyst, I have researched stocks for 27 years, starting fresh out of college at Lehman Brothers and then moving to Donaldson, Lufkin and Jenrette. Announcement of the merger completion comes just hours after Tableau quietly issued its latest financial update.
Subscribe to GeekWire's free newsletters to catch every headline. The turnaround was quick for an acquisition of this size, with similar deals often facing much longer periods of regulatory scrutiny. The Sanskrit root of "Guru" combines "dispel" and "darkness." Market data provided by Interactive Data. Even on the accurate--and lower--figures salesforce is paying an enormous multiple of 11.77x 2018 revenue for Tableau. Salesforce.com is keeping Tableau’s Seattle headquarters, keeping Tableau CEO Adam Selipsky as head of the new Tableau business unit of salesforce.com and, seemingly, not restructuring the newly-acquired asset at all.
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