Braze stock surges over 50% after Salesforce announces $5.66 billion acquisition
60-Word AI Digest
Salesforce agreed to acquire Braze for about $5.66 billion, offering $47.50 per share—a 58.1% premium. Braze shares surged 52% to $45.59. The all-cash deal, expected to close in fiscal 2028 pending approvals, would expand Salesforce’s AI-powered marketing and customer engagement capabilities.
Key Takeaways
- Salesforce agreed to acquire Braze for about $5.66 billion, offering $47.50 per share—a 58.1% premium.
- Braze shares surged 52% to $45.59.
- The all-cash deal, expected to close in fiscal 2028 pending approvals, would expand Salesforce’s AI-powered marketing and customer engagement capabilities.
Salesforce agreed to acquire Braze for about $5.66 billion, offering $47.50 per share—a 58.1% premium. Braze shares surged 52% to $45.59. The all-cash deal, expected to close in fiscal 2028 pending approvals, would expand Salesforce’s AI-powered marketing and customer engagement capabilities.
Original Publisher Attribution
This summary was curated from Livemint.