- American City Business Journals•18 hours ago
Salesforce CEO Marc Benioff would have bid as much as $26 billion for business networking site LinkedIn, VentureBeat reports, after parsing through a new LinkedIn securities filing. Dubbed "Party A" in the SEC filing, it's clear that Benioff was willing to raise San Francisco-based Salesforce (CRM)'s bid and changed its terms if it had been given the chance to do so by LinkedIn, which eventually sold to Microsoft for $26.2 billion. “Reflecting on the additional proposals it made after LinkedIn and Microsoft agreed to exclusivity, the email indicated that Party A would have bid much higher and made changes to the stock/cash components of its offers, but it was acting without communications from LinkedIn,” the filing says.
After hours: 82.000.24 (0.29%) as of 6:49 PM EDT
|Bid||80.79 x 100|
|Ask||83.09 x 100|
|52wk Range||52.60 - 84.48|
|Day's Range||81.43 - 82.19|
|Avg Vol (3m)||3,767,747|
As of 4:02 PM EDT. Market closed.