Salesforce to get Tableau for $ 15.3 billion

Salesforce to get Tableau for $ 15.3 billion

The deal is expected to close in the third quarter, after which it will operate independently
Seattle-based Tableau has more than 86,000 customers, including heavy technology companies such as Verizon Communications Inc. and Netflix Inc.

Salesforce.com Inc. on Monday decided to buy the large data company Tableau Software Inc for $ 15.3 billion, the largest acquisition in the company's history, looking to provide more insights to its customers.

Seattle-based Tableau has more than 86,000 customers, including heavy technology companies such as Verizon Communications Inc. and Netflix Inc.

As part of the overall deal, Tableau shareholders will receive 1.103 shares of Salesforce, valuing the offer at $ 177.88 per share, representing a 42% premium to the Friday closing price at Tableau.
Salesforce comes a few days after Alphabet Inc. bought Looker for a $ 2.6 billion, $ 5.9 billion Looker, which was paid by peer-based software firm Microsoft Software Corp. to buy the software maker in 2018.

"The acquisition accelerates the Salesforce road map for their 360 customer initiative, which helps companies get a full view of their customers and on a broader scale at their analytics initiative," said Steve Quinig, analyst at Wadbush Securities.