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|26th May 2015, 11:55||#1|
Join Date: May 2010
Salesforce is too pricey for Microsoft
Microsoft was unable to come up with a good price for Salesforce and the talks fell through, according to people in the know.
CNBC confirmed that Vole and Salesforce held “significant talks” but failed to agree on a price, Microsoft was offering about $55 billion for the world’s biggest maker of online sales software. However Salesforce founder and Chief Executive Marc Benioff held out for $70 billion.
Microsoft Chief Executive Satya Nadella was reluctant to pull the trigger on a deal of such size and the consequences for his company, on his watch. It was seen by his Microsoft advisers as the sort of deal which would be “daring” and “brave”.
Analysts generally think that Salesforce was doing well in the cloud, given its leadership position and stellar brand and distribution, all that would have fit well within the Microsoft ecosystem.
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