This morning it was announced that Salesforce would be buying Tableau for $15.7B in all-deal. Tableau shareholders will get 1.103 Salesforce shares as part of the deal. The deal is expected to close in the third quarter of this year.
In pre-market trading this morning, Tableau (NYSE:DATA) is currently up to $169 a share from a previous close of $125 on Friday – representing a 35% increase. Salesforce is expected to increase revenue in 2020 by $400M per year due to the deal.
Congratulations to you if you were holding this stock over the weekend. It will be interesting to see how Salesforce and Tableau integrate their services in the future.