(Adds details on deal, background, shares)
March 20 (Reuters) - Salesforce.com Inc said on
Tuesday it would buy software maker MuleSoft Inc for
about $6.5 billion, including debt, just a year after the
software company went public.
MuleSoft shareholders would get $36 in cash and 0.0711 of a
Salesforce share, or $44.89 per share. The per-share price
represents a premium of 36 percent to Mulesoft's Monday close.
MuleSoft shares were up 4.5 percent in extended trading
after rising 27 percent during the day. Salesforce shares were
down 2 percent after the bell.
Excluding debt, the deal was valued at $5.90 billion,
according to Reuters' calculation.
MuleSoft listed on the New York Stock Exchange on March 17
at $17 apiece. It closed up 40 percent on the first day of
trading, giving it a market value of nearly $3 billion.
Reuters had reported about the deal earlier on
Salesforce Ventures, the company's venture capital arm, led
a $128 million funding round in MuleSoft in 2015.
MuleSoft, which makes software that automatically integrates
disparate data, devices and applications to help businesses
networks run faster, counts Coca-Cola Co, McDonald's Corp
, Salesforce and Spotify among its customers.
BofA Merrill Lynch is Salesforce's financial adviser and
Goldman Sachs advised MuleSoft.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by
First Published: 2018-03-20 17:22:44
Updated 2018-03-20 23:06:55
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