Salesforce said to be fielding buyout offers

An unnamed potential buyer has approached the company, according to Bloomberg

Salesforce is working with financial advisors to field bids after being approached by an unnamed party about a possible buyout, according to a Bloomberg report.

The cloud-based CRM (customer relationship managment) company has a market value of more than $40 billion. It could be the largest software acquisition ever, according to Bloomberg.

The report cited unnamed sources and did not name any potential bidders. There is no guarantee a deal will come together, the sources told Bloomberg.

Salesforce stock was up almost 9 percent on the New York Stock Exchange less than an hour before the end of trading Wednesday.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com

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Tags Mergers and acquisitionsbusiness issuesSalesforce.comsoftware

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