Salesforce.com, Inc. CRM spiked nearly 6 percent on a report that Microsoft Corporation MSFT is mulling a bid.
Salesforce, a San Francisco-based cloud computing company, changed hands recently at $73.96, up 3.2 percent.
Microsoft got interested after Salesforce fielded an approach from another prospective buyer, according to a Bloomberg report Tuesday.
Microsoft isn't in talks with Salesforce, and no deal is imminent, according to the report.
See Also: Why Microsoft Could Be A Best-Fit Suitor For Salesforce, If One Exists
Representatives for both Microsoft and Salesforce declined to comment to Bloomberg on the report, which cited unnamed sources.
Salesforce has hired investment banks to help field offers, Bloomberg reported April 29.
Investors have since speculated that likely bidders could include Oracle Corp. ORCL, Microsoft, SAP SE SAP and International Business Machines Corp. IBM.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
