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Wednesday
Mar132013

Benioff to Set $1 Billion for "Possible Acquisitions"

Salesforce announced on Monday that it's about to go shopping for acquisitions with $1 Billion that's going to be raised in debt. The plan is to float convertible bonds due in 2018. The proceeds are said to be used for "general corporate purposes, including funding possible acquisitions of, or investments in , complementary business, services or technologies, working capital and capital expenditures."

It's interesting to note that Salesforce made another quite acquisition on February. The acquired company is EntropySoft; a French software company specializes in management of Web content for enterprises. 

 

 

 

 

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