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Braze jumps on $5.66 billion Salesforce buyout deal

By Reuters News2 hours ago Updated

** Shares of customer relationship management platform Braze BRZE.O rise 51.1% to $45.4

** BRZE hits its highest level since late January 2025

** Business service provider Salesforce CRM.N to acquire BRZE for about $5.66 billion

** Shares of CRM down 0.6% at $241.3

** BRZE shareholders to receive $47.50 per share in cash, under the terms of deal

** The offer price represents a premium of more than 58% to its last close, according to Reuters calculations

** Deal expected to close in FY28 of CRM, subject to approval by BRZE shareholders and regulators

** CRM expects no change in its FY27 outlook

** Including session's move, BRZE up 32.4% while CRM shares down 8.8% YTD

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