Salesforce CEO opens up on failed LinkedIn bid, M&A spend

When we came into this year, we didn’t really have M&A on our forecast because when we look at doing M&A, we look for really strategic, great companies that are one of a kind, and also that we are going to get at a great price,” he said. “So we made a bid for LinkedIn and another company – as you know, Microsoft – made a bid, and Microsoft outbid us.

“Then as the market continued to evolve, we had an incredible situation occur, which is a company that we coveted for many years, Demandware, was all of a sudden approached by another company that tried to acquire them.

Source: Salesforce CEO opens up on failed LinkedIn bid, M&A spend