Salesforce to acquire startup Own for $1.9 billion in cash
CRMsalesforce(CRM) CNBC·2024-09-06 05:30

Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023.Salesforce announced Thursday that it would pay 1.9billionincashforOwnCo.,astartupspecializingintoolsforbackingupdataincloud−basedapplications.SalesforceintendstoclosethedealinthequarterendinginJanuary2025ifregulatorsgiveittheirblessing,accordingtoastatement.Thestartup,formerlyknownasOwnBackup,wasvaluedat1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. Salesforce intends to close the deal in the quarter ending in January 2025 if regulators give it their blessing, according to a statement.The startup, formerly known as OwnBackup, was valued at 3.35 billion in a 2021 f ...