Salesforce to purchase Tableau Software in $15.7 billion deal

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Salesforce.com is purchasing Tableau Software in an all-stock deal valued at $15.7 billion, the company said on Monday, a transaction that promises to bolster the cloud computing firm’s data analytics capabilities.

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Shares for the San Francisco-based firm fell in pre-market trading on Wall Street on the news.

TickerSecurityLastChange%Chg
CRMSALESFORCE.COM INC.156.11-1.59-1.01%

“Tableau helps people see and understand data, and Salesforce helps people engage and understand customers. It's truly the best of both worlds for our customers--bringing together two critical platforms that every customer needs to understand their world," Salesforce co-CEO Marc Benioff said in a statement.

The deal has already received approval from both of the firms’ board of directors. It is expected to be completed in the first quarter of 2019.

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Salesforce estimates the acquisition will increase the fiscal year 2020 revenue by up to $400 million and decrease earnings to as much as $2.53 per share, a loss of 39 cents compared to prior estimates.

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Tableau will continue to operate independently and CEO Adam Selipsky will remain at the helm of the Seattle-based firm.