Salesforce Agrees To Acquire Own Company For Approximately $1.9B In Cash, Net Of Value Of 10% Of Outstanding Shares Currently Owned By It
Portfolio Pulse from Benzinga Newsdesk
Salesforce has agreed to acquire Own Company, a data protection and management solutions provider, for approximately $1.9 billion in cash. The transaction is expected to close in the fourth quarter of Salesforce's fiscal year 2025, with no anticipated changes to its financial guidance.
September 05, 2024 | 8:38 pm
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Salesforce is acquiring Own Company for $1.9 billion in cash, with the deal expected to close in Q4 FY2025. No changes to Salesforce's FY2025 financial guidance are anticipated.
The acquisition of Own Company by Salesforce is a strategic move to enhance its data protection and management capabilities. The deal is significant, valued at $1.9 billion, and is expected to close in Q4 FY2025. Importantly, Salesforce has stated that there will be no changes to its FY2025 financial guidance, suggesting confidence in the integration and financial impact of the acquisition. This news is likely to be viewed positively by investors, as it indicates growth and expansion in Salesforce's offerings without immediate financial disruption.
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