Salesforce to buy big data firm Tableau Software for $15.3 billion

[June 10, 2019]    (Reuters) - Salesforce.com Inc said on Monday it would buy big data company Tableau Software for $15.3 billion in an all-stock deal, marking the biggest acquisition in the company's history.

Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, which represents a premium of 42% to Tableau's Friday closing price.

Shares of Tableau jumped 35% to $169.50, while those of Salesforce slipped 3% to $156.43 in premarket trading.

Salesforce said the deal, which is expected to close in the third quarter, is likely to increase its 2020 revenue by up to $400 million.

Bank of America Merrill Lynch was the financial adviser to Salesforce and Goldman Sachs & Co. LLC advised Tableau.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur)

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