Why Did Braze (BRZE) Stock Surge 52%? Salesforce's $5.66B Acquisition Explained
Key Takeaways
- Price: $47.50 per Braze Class A share, all in cash, about 58.1% above the October 19 close.
- Size: Enterprise value of approximately $5.66 billion.
- Customers: Braze serves about 2,770 customers, including Canva, Instacart, Urban Outfitters and Venmo.
- Timing: Expected to close in Salesforce's fiscal year 2028, subject to Braze shareholder approval and regulatory approvals.
- Salesforce outlook: No anticipated change to Salesforce's FY2027 guidance, and no update to its long-term targets.
What Salesforce Is Paying
Why Salesforce Wants Braze
When the Deal Is Expected to Close
Why BRZE Trades Below $47.50
Following Braze and Salesforce Through MEXC
FAQ
How much is Salesforce paying for Braze?
Why did BRZE rise about 52% if the premium is 58%?
When will the Salesforce–Braze deal close?
Does the acquisition change Salesforce's guidance?
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