Competition watchdog will probe Salesforce’s massive $15.7bn takeover of Tableau
Britain’s competition watchdog will investigate Salesforce’s $15.7bn (£12.4bn) buyout of Tableau Software, it said this morning.
Salesforce completed the mammoth takeover yesterday, which is the biggest acquisition in the company’s history.
Read more: Salesforce to buy Tableau Software in $15.7bn deal
But the Competition and Markets Authority (CMA) has opened an investigation into whether the two companies will cease to be distinct. This means that until it has made a decision, Tableau will be unable to transfer the ownership of its business to Salesforce.
City PM has contacted both companies for comment.
Salesforce, a San Francisco-based software giant, said the takeover will bolster its data offering for businesses, giving clients more information, insights and analytics.
Tableau, which enables customers to create interactive data visualisations, currently boasts more than 86,000 corporate clients, including Verizon and Netflix.
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“Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data,” said Adam Selipsky, president and chief executive of Tableau, last month.
“Data is the foundation of every digital transformation, and the addition of Tableau will accelerate our ability to deliver customer success by enabling a truly unified and powerful view across all of a customer’s data,” Salesforce co-chief executive Keith Block said.
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