Salesforce to buy Own Company for $1.9 billion; analysts ‘really like’ the deal
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Salesforce (NYSE: CRM) announced it will acquire Own Company, a data protection provider, for $1.9 billion in cash. The acquisition is aimed at enhancing Salesforce's data security offerings and is expected to improve free cash flow starting in the second year post-closure. Analysts express strong support for the deal, which is seen as strategically positioning Salesforce in the data protection market, with expectations for seamless integration due to familiarity with the Force.com platform. The acquisition is anticipated to close in Q4 of fiscal 2025.
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