Braze jumps on $5.66 billion Salesforce buyout deal
BRZE•Braze shares rose 51.1% to $45.40 after Salesforce agreed to acquire the company for about $5.66 billion. Braze shareholders will receive $47.50 per share in cash, a premium of more than 58% to the last close.
1. Deal terms and reaction
Salesforce is expected to complete the acquisition in its fiscal 2028, subject to approval by Braze shareholders and regulators. Salesforce expects no change to its fiscal 2027 outlook. Salesforce shares fell 0.6%.
