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Salesforce Buys MuleSoft for $6.5 Billion in Expansion Quest

  • CEO Benioff targets $30 billion integration-software market
  • MuleSoft brings 1,200 customers like McDonald’s, Coca-Cola
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Salesforce Inc. agreed to buy MuleSoft Inc. for about $6.5 billion in its largest-ever acquisition, as the market leader in customer-relationship software makes an aggressive play for new products and corporate users.

San Francisco-based Salesforce is paying $36 in cash and 0.0711 shares of its common stock for each MuleSoft share, according to a statement. That’s 36 percent more than MuleSoft’s closing share price on Monday. Salesforce said the $6.5 billion total price represents MuleSoft’s enterprise value.