Salesforce.com 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 percent to Tableau’s Friday closing price.
Shares of Tableau jumped 35 percent to $169.50, while those of Salesforce slipped 3 percent 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 advised Tableau.
Known for its chart applications and analytics dashboards, Tableau has been broadening its product line to include data cleanup and machine learning tools, enabling it to compete in the wider data-warehousing.
Salesforce sees the deal cutting its full year adjusted earnings per share outlook by 37 cents to 39 cents to $2.51 to $2.53 a share. Bank of America Merrill Lynch is serving as exclusive financial adviser to Salesforce and Goldman Sachs is serving as exclusive financial adviser to Tableau. Salesforce shares were down 4.4% in early trading in New York.