Monday, November 07, 2016

How LinkedIn Drove a Wedge Between Microsoft and Salesforce - The New York Times

Insights from an overview of how Salesforce ended up near the top of Microsoft's strategic competitor list

"At one point, Mr. Benioff offered to buy the Dynamics business that Salesforce competed with, but Mr. Nadella turned him down, according to two people briefed on the discussions.

The two companies stayed close and by the spring of 2015 their conversations evolved into another deal: Microsoft would acquire Salesforce. In May 2015, CNBC reported that the talks had fallen apart because Salesforce was demanding around $70 billion, about $22 billion more than the company’s market value at the time.

Several people briefed on the talks said that account was accurate, though two of them said another factor was that Mr. Benioff thought Microsoft was not respectful enough of his accomplishments in building Salesforce. It was unclear whether Mr. Benioff would be happy in a subordinate role at Microsoft after building Salesforce from the ground up, and it was equally hard to imagine a successful Salesforce without him."
How LinkedIn Drove a Wedge Between Microsoft and Salesforce - The New York Times
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