Salesforce.com, inc. (NYSE: CRM) is buying Tableau Software Inc (NYSE: DATA) for about $15.7 billion. Each share of Tableau class A, B stock will be exchanged for $1.103 shares of Salesforce’s common stock.
Tableau Software is an interactive data visualization software company and Salesforce is a cloud-based software company headquartered in San Francisco.
"Data is the foundation of every digital transformation, and the addition of Tableau will accelerate our ability to deliver customer success by enabling a truly unified and powerful view across all of a customer's data," said Salesforce co-CEO Keith Block in a press release.
Salesforce is trading down 4.5 percent in Monday's pre-market session, while Tableau is higher by 34 percent at $168 per share.
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