From TokenPost · · 50s
Braze Shares Jump After Salesforce Deal
Salesforce's $5.66 billion acquisition of Braze boosts shares 51.7%.
In brief
Salesforce's $5.66 billion acquisition of Braze boosts shares 51.7%. Salesforce agreed to buy Braze for $5.66 billion, lifting Braze shares 51.7%. Originally reported by TokenPost.
Braze Shares Jump
Braze shares jumped 51.7% Tuesday after Salesforce agreed to acquire the customer engagement software company for cash in a transaction valued at about $5.66 billion in enterprise value.
Acquisition Details
Braze closed at $45.57 on Oct.20, compared with $30.04 a day earlier.Under the merger agreement, holders of Braze Class A shares would receive $47.50 per share in cash, about 58.1% above the Oct.19 closing price.
Next Steps
The transaction still requires a vote by Braze shareholders and regulatory approvals. The companies expect it to close in Salesforce’s fiscal 2028.
What matters most
Salesforce agreed to buy Braze for $5.66 billion, lifting Braze shares 51.7%.
