Salesforce Agrees to Acquire Braze for About $5.66 Billion
Salesforce agreed to acquire Braze for approximately $5.66 billion in enterprise value. Braze Class A shareholders will receive $47.50 per share in cash.
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02:26:25 PM UTC
SquawkNews
By Ty RoushSalesforce is looking to expand its artificial-intelligence capabilities with a nearly $5.7 billion acquisition of marketing software company Braze.Salesforce said Tuesday that it will pay $47.50 a share for Braze, representing a roughly 58% premium to the stock's closing price of $30.04…
Braze shares (NASDAQ: BRZE) rose 51.2% in premarket trading after Salesforce agreed to buy the customer engagement platform for approximately $5.66 billion in enterprise value. Braze Class A common shareholders will receive $47.50 per share in cash, a 5