Salesforce today announced that it intends to buy MuleSoft in a deal valued at a whopping $6.5 billion. That’s not the selling price, but the amount the company has been valued at, with stocks, bonds and cash on hand. The exact price was not available yet, but the company did indicate it was paying 44.89 per share for Mulesoft, a price that represents 36 percent premium over yesterday’s closing price, according to Salesforce.
What’s more, the deal values each Mulesoft share at $36 in cash and 0.0711 shares of Salesforce common stock.
Rumors began swirling this morning after a story broke by Reuters that the CRM giant was interested in MuleSoft, which launched in 2006, went public almost exactly a year ago. It gives Salesforce a mature company to add to its arsenal with 1200 customers. It also gives them an API integration engine that should help the company access data across organizations regardless of where it lives.
This is a developing story.
