Salesforce to acquire Braze in a $5.66 billion deal
Reuters2026/10/20 12:14Adds shares, details
Oct 20 (Reuters) - Salesforce CRM.N said on Tuesday it would acquire customer engagement platform Braze BRZE.O for about $5.66 billion.
The customer relationship management platform's shares fell 2.6% in premarket trading.
Braze Class A shareholders will receive $47.50 in cash per share, under the terms of the agreement.
The deal is expected to close in Salesforce's fiscal year 2028, subject to approval by Braze shareholders and regulators.
(Reporting by Anzar Mehraj in Bengaluru; Editing by Joyjeet Das)
(([email protected];))
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Brent Crude Oil Hits $116 as Markets Weigh Another Inflation Shock
Crypto prices
More
