Salesforce to Buy Tableau for $15.3 Billion in All-Stock Deal

(Bloomberg) -- (Updated with details on Class A, Class B shares, and debt)

• Salesforce agreed to acquire analytics platform Tableau in an all-stock transaction representing an equity of $15.33 billion based on Salesforce’s closing price on June 7.

• Salesforce will acquire each share of Tableau Class A and Class B stock in exchange for 1.103 shares of Salesforce stock
  • Tableau has 75.8m Class A shares and 10.4m Class B shares (Bloomberg data)
  • The deal represents an enterprise of $15.7 billion net of cash based on the trailing 3-day volume weighted average price of Salesforce’s shares as of June 7
  • Tableau has debt of about $269m as of March.31 (Bloomberg data)
• Following the close of the deal, Tableau will operate independently under the Tableau brand, remaining headquartered in Seattle and led by CEO Adam Selipsky and its current leadership team
• The acquisition is expected to be completed during Salesforce’s fiscal third quarter ending Oct. 31
• Salesforce sees the deal cutting its FY20 adjusted EPS outlook by 37c-39c to $2.51-$2.53
• Salesforce now sees FY20 revenue of $16.45 billion-$16.65 billion
• Bank of America Merrill Lynch is serving as exclusive financial adviser to Salesforce and Goldman Sachs is serving as exclusive financial adviser to Tableau

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