Market Overview



This piece was originally posted on April 30th, 2015 and is being republished below.

Amid the speculation of a merger between Oracle Corporation (NYSE: ORCL) and, inc. (NYSE: CRM), some analysts were looking at Microsoft Corporation (NASDAQ: MSFT) as a potential suitor for Salesforce.

The rumors were based reports that Salesforce had hired financial advisers “to help it field takeover offers after being approached by a potential acquirer,” according to a Bloomberg report.

What's Wall Street Think?

Citigroup analyst Walter H. Pritchard commented, “Such an acquisition would make Microsoft newly relevant to developers, in our view, given the importance of CRM in the front-end application ecosystem," and that if Salesforce was in play, “Microsoft could be the most likely suitor."

Related Link: S&P Capital IQ Comments On Salesforce M&A Rumors

Wedbush's Steve Koenig, meanwhile, thought that with Salesforce's deteriorating business fundamentals, the time may be optimal for a sale. Koenig, however, did not commit on whether a deal would take place.

JMP Securities analyst Patrick Walravens, lastly, recently noted several reasons for Microsoft to acquire Salesforce, including how Microsoft wanted a larger presence in the cloud and that the two companies already had an existing partnership dating back to May 2014.

Shares of Salesforce, which have a market capitalization of $46.87 billion, spiked Wednesday amid the news, reaching a high of $78.30. The stock had risen over 38 percent during the past 12 months and recently traded at $71.42, down 4.33 percent.

Microsoft Corporation recently traded at $49.17, up 0.22 percent.

Latest Ratings for MSFT

Nov 2020KeyBancInitiates Coverage OnOverweight
Nov 2020OppenheimerUpgradesPerformOutperform
Oct 2020Deutsche BankMaintainsBuy

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings


Related Articles (MSFT + CRM)

View Comments and Join the Discussion!

Posted-In: Bloomberg Citigroup JMP Patrick Walravens Steve KoenigAnalyst Color Analyst Ratings Tech Best of Benzinga

Latest Ratings

YEXTDA DavidsonMaintains20.5
BYDB of A SecuritiesMaintains47.0
SAICMorgan StanleyMaintains98.0
PVHMorgan StanleyMaintains104.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at