Report: Microsoft Mulls Bid For Salesforce

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.