share_log

Salesforce | 8-K: Salesforce Signs Definitive Agreement to Acquire Own Company

SEC ·  Sep 6 04:53

Summary by Futu AI

On September 5, 2024, Salesforce, Inc. announced the signing of a definitive agreement to acquire Own Data Company Ltd. for approximately $1.9 billion in cash. The acquisition, which is expected to close in the fourth quarter of Salesforce’s fiscal year 2025, aims to enhance Salesforce's data protection and management solutions. Own Data Company, a Salesforce AppExchange partner since 2012, is trusted by nearly 7,000 customers to secure mission-critical data. The acquisition will not affect Salesforce’s fiscal year 2025 financial guidance or its capital return program. The transaction is subject to customary closing conditions, including regulatory approvals. Salesforce expects the acquisition to be accretive to its free cash flow starting in the second year post-closing.
On September 5, 2024, Salesforce, Inc. announced the signing of a definitive agreement to acquire Own Data Company Ltd. for approximately $1.9 billion in cash. The acquisition, which is expected to close in the fourth quarter of Salesforce’s fiscal year 2025, aims to enhance Salesforce's data protection and management solutions. Own Data Company, a Salesforce AppExchange partner since 2012, is trusted by nearly 7,000 customers to secure mission-critical data. The acquisition will not affect Salesforce’s fiscal year 2025 financial guidance or its capital return program. The transaction is subject to customary closing conditions, including regulatory approvals. Salesforce expects the acquisition to be accretive to its free cash flow starting in the second year post-closing.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.