Bloomberg recently announced that Microsoft is evaluating bids for Salesforce.com. Salesforce has been approached by an unidentified company as recently as last month. Microsoft is not currently holding discussions with Salesforce, and no deal is expected anytime soon. Share prices have been popping lately with the mere announcement of Microsoft’s consideration, including a pop for various other companies in the industry.
Salesforce.com is a cloud computing company based out of San Francisco, California. The company developed the Customer Relationship Management (CRM) product, which is primarily what they are known for. As of this year, Salesforce is one of the largest cloud computing companies in America, with $40 billion in market capitalization.
According to reports, Salesforce is currently working with investment banks to produce a proper response to these approaches. While no deal is near, Microsoft has been a player in the Salesforce game for some time. Due to the pursuit of Salesforce by other unnamed companies, Microsoft has been nudged into action. As recently as last year, Microsoft and Salesforce agreed to make their products work better together.
Acquiring Salesforce could be a big move for any buyer, as they currently stand as the leader in customer relationship management (CRM) software, and cloud computing. Attempts for comment by their respective spokesperson have been declined.