Salesforce to acquire Tableau for $15.3 bn

BENGALURU: Salesforce.com Inc on Monday decided to buy big data firm Tableau Software Inc for $15.3 billion, marking the biggest acquisition in the company’s history as it looks to offer more data insights to its clients.

Seattle-based Tableau has more than 86,000 customers, including tech heavyweights such as Verizon Communications Inc and Netflix Inc.

As part of the all-stock deal, Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, representing a premium of 42% to Tableau’s Friday closing price.

Salesforce’s deal comes days after Alphabet Inc’s Google bought big-data analytics company Looker for $2.6 billion and surpasses the $5.9 billion that the cloud-based software company paid to buy U.S. software maker MuleSoft in 2018.