Salesforce also bid for LinkedIn, but lost out to Microsoft

That helps to explain the US$26.2 billion price tag

Microsoft surprised everyone Monday when it announced plans to acquire LinkedIn for more than US$26 billion. But it wasn't the only suitor: Salesforce wanted in, too.

The San Francisco-based software-as-a-service vendor was interested in LinkedIn primarily for its recruiting business, Salesforce CEO Marc Benioff told Recode on Thursday. The company gave LinkedIn a "solid look" but was unable to match Microsoft's huge offer.

Salesforce's interest makes sense: information from the business-focused social network could have proved useful to people working with Salesforce products. Microsoft has similar ambitions for LinkedIn, which it sees as a potential boon to its Dynamics CRM and Office offerings in particular.

According to Recode, Salesforce approached LinkedIn when the company was already deep into negotiations with Microsoft. Salesforce's bid was reportedly a combined cash and stock offer, while Microsoft's final bid was all cash, and allows LinkedIn to continue operating independently.

It's an interesting bit of backstory, especially given that Microsoft last year reportedly tried to buy Salesforce.

Salesforce itself is no stranger to big acquisitions; two weeks ago it said it would buy e-commerce cloud service provider Demandware for $2.8 billion. "It's the season of M&A," Benioff told Recode.

Microsoft, meanwhile, isn't slowing down its acquisition pace either. On Thursday it said it had acquired chat app maker Wand for an undisclosed sum.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Blog Posts

Why are we dubious about deep learning?

The prospect of deep learning gives those of us in the industry something to get really excited about, and something to be nervous about, at the same time.

Katja Forbes

Founder and chief, sfyte

Why you can’t afford to fail at CX in 2019

In 1976 Apple launched. The business would go on to change the game, setting the bar for customer experience (CX). Seamless customer experience and intuitive designs gave customers exactly what they wanted, making other service experiences pale in comparison.

Damian Kernahan

Founder and CEO, Proto Partners

Natural born leaders

Many business and marketing managers progressing to leadership positions face evolving their focus from operational matters to strategic decision making and planning.

Jean-Luc Ambrosi

Author, marketer

Do you need a loan to pay off your credit or debit? Do you need financial help to set up your own business? Do you need a loan to carry o...

NORA

Facebook: Friction is costing Australian businesses $29 billion a year

Read more

Thanks for writing about chatbots. Definitely bots have the exciting future when it comes to customer engagement, transactional and conve...

Sanket Nair

7 businesses successfully implementing chatbots

Read more

Interesting article but what about the employees? There needs to be access to quick cash for everyone involved lest we have yet another '...

Joel Pencer

Suncorp outlines customer investments, digitisation as key to business improvement

Read more

Just printed out this Brad Howarth screed to read tomorrow. I need a good laugh once in a while. Or maybe shed some manly-man tears at th...

Larry A Singleton

What a diversity agenda has done for Kellogg's staff and innovation engagement

Read more

Morons. PC Nazis infiltrating and subverting every level in our lives.These scum have destroyed our education system.Read FrontPage Magaz...

Larry A Singleton

What a diversity agenda has done for Kellogg's staff and innovation engagement

Read more

Latest Podcast

More podcasts

Sign in