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Salesforce to buy Tableau Software in an all-stock deal

Chinese President Xi Jinping attends a Russian-Chinese energy and business forum on the sidelines of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019.

FINANCIAL NEWS

Salesforce to buy Tableau Software in an all-stock deal


Salesforce.com said on Monday it would buy data analytics platform Tableau Software in an all-stock deal valued at $15.7 billion.

Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, which represents a premium of 42% to Tableau’s Friday closing price.

Shares of Tableau soared more than 30% in premarket trading following the announcement.

This is breaking news. Please check back for updates.



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