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Tuesday, March 20, 2018

MuleSoft (MULE) to be acquired by Salesforce (CRM) for $6.5 billion

Mulesoft  (MULE) was acquired by Salesforce (CRM) for $6.5 billion in a cash and stock deal. (May 2, 2018)
  • Mulesoft had one of the best opening IPO days of 2017 when it went public a year ago on the New York Stock Exchange. Prior to its public offering, Mulesoft raised money from Salesforce Ventures.
  • MuleSoft’s  technology is used by customers to link their business apps, databases, and corporate IT infrastructure into a unified system. 
  • MuleSoft says it currently has more than 1,000 customers worldwide. They include McDonalds (MCD), Coca-Cola (KO) and Netflix (NFLX).
  • 4pm update: Salesforce will pay $44.89 per share for Mulesoft, a 36 percent premium — each Mulesoft share will equal $36 in cash and 0.0711 shares of Salesforce common stock, the companies said. The deal is expected to close by the end of July.

Report of Salesforce takeover talks

3/20/18 : (Reuters) - Inc is in advanced discussions to acquire U.S. software maker MuleSoft Inc, people familiar with the matter said on Wednesday.
A deal could be announced as soon as this week, the sources said, cautioning that negotiations had not been finalized and that an agreement was not certain.
The sources asked not to be identified because the negotiations are confidential. Salesforce and MuleSoft did not immediately respond to requests for comment.


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