Salesforce announces $5.66 billion deal for Braze, sending BRZE stock soaring 50%
The company's latest acquisition is expected to close in fiscal 2028, and will see Braze shareholders receive $47.50 in cash per share.
TL;DR
- Salesforce will acquire Braze for $5.66 billion.
- Braze shareholders will receive $47.50 in cash per share.
- Braze shares surged over 50% following the announcement.
- The deal is expected to close in fiscal 2028.
- This acquisition enhances Salesforce's AI and customer engagement offerings.