- Salesforce to acquire Braze for $47.50 per share in cash
Salesforce (CRM) announced a $5.7 billion cash offer for Braze (BRZE) at $47.50 per share, a 58% premium. CRM fell 2%, BRZE jumped 51%. Braze has 2,770 customers. The buyout is 74x expected earnings and 6x sales. Klaviyo (KVYO) rose 11% on the sector read-through.
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