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Salesforce Agrees To Acquire Own Company For Approximately $1.9B In Cash, Net Of Value Of 10% Of Outstanding Shares Currently Owned By It

Author: Benzinga Newsdesk | September 05, 2024 04:38pm

Own Company is a provider of data protection and data management solutions. The transaction is expected to close in the fourth quarter of Salesforce's fiscal year 2025, subject to customary closing conditions, including the receipt of required regulatory approvals.

Based on the expected timing of closing of the transaction, there is no anticipated change to Salesforce's fiscal year 2025 financial guidance, previously announced on August 28, 2024. 

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