Braze jumps on $5.66 billion Salesforce buyout deal
Tue 14:53
BUZZ-Braze jumps on $5.66 billion Salesforce buyout deal ** Shares of customer relationship management platform Braze BRZE.O rise 51.1% to $45.4
** BRZE hits its highest level since late January 2025
** Business service provider Salesforce CRM.N to acquire BRZE for about $5.66 billion
** Shares of CRM down 0.6% at $241.3
** BRZE shareholders to receive $47.50 per share in cash, under the terms of deal
** The offer price represents a premium of more than 58% to its last close, according to Reuters calculations
** Deal expected to close in FY28 of CRM, subject to approval by BRZE shareholders and regulators
** CRM expects no change in its FY27 outlook
** Including session's move, BRZE up 32.4% while CRM shares down 8.8% YTD
(Reporting by Anand Gopal in Bengaluru)