Salesforce is working with financial advisors to field bids after being approached by an unnamed party about a possible buyout, according to a Bloomberg report.
The cloud-based CRM (customer relationship managment) company has a market value of more than $40 billion. It could be the largest software acquisition ever, according to Bloomberg.
The report cited unnamed sources and did not name any potential bidders. There is no guarantee a deal will come together, the sources told Bloomberg.
Salesforce stock was up almost 9 percent on the New York Stock Exchange less than an hour before the end of trading Wednesday.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.