Cloud Computing: Salesforce hits all-time high amid takeover reports

April 29, 2015 Off By David

Grazed from CNBC. Author: Reem Nasr.

Shares of Salesforce.com jumped on Wednesday amid a Bloomberg report that it is working with financial advisors to help with a potential takeover offer. The report didn’t name any particular suitors, though it noted that a takeover of Salesforce would be the largest software acquisition ever, according to Bloomberg data.

The cloud-computing market has grown increasingly competitive, as behemoths such as Google, IBM, Microsoft and start-ups jostle for business. Shares were trading at all-time high levels since the company went public in 2004…

Read more from the source @ http://www.cnbc.com/id/102631435