*Datadog shares are trading higher as traders circulate unconfirmed chatter that Salesforce made an offer to acquire the company in an all-stock transaction.
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SA is saying the DDOG is impressing with innovation. I can’t find a reference to any acquisition rumors.
https://seekingalpha.com/news/3604617-datadogs-new-product-s…
Says who?
The only place I could find it with a Google search is a site called “Street Insider”. Never heard of them. However, Fool reported a few days ago that Salesforce sold out of their Zoom, so the cash might be available.
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Its being reported by TD Ameritrade headlines: Datadog shares are trading higher as traders circulate unconfirmed chatter that Salesforce made an offer to acquire the company in an all-stock transaction.
Aug 13, 2020 10:27a ETBenzinga Stock Analysis
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Picked up by The Fool:
https://www.fool.com/investing/2020/08/13/why-datadog-stock-…
"…Datadog’s market cap is currently around $25 billion, so any potential acquisition would be worth over $20 billion. At the same time, Salesforce is extremely acquisitive, having scooped up 63 other companies throughout its history, according to Crunchbase.
…Salesforce has been seeking to boost its analytics abilities with other deals, such as last year’s $15.7 billion acquisition of Tableau. If the customer relationship management (CRM) tech giant does attempt to acquire Datadog, it would be its largest purchase to date (Tableau is currently Salesforce’s biggest buy so far). "
This would make me sad. I like to stick with great companies for the long term. They are hard to find! This is the main way they get stolen away from me.
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“…Datadog’s market cap is currently around $25 billion, so any potential acquisition would be worth over $20 billion. At the same time, Salesforce is extremely acquisitive, having scooped up 63 other companies throughout its history, according to Crunchbase”.
Maybe a dumb question, but if DDOG is valued at 25B currently, why would they suggest DDOG would go for 20% less than current market cap?
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Maybe a dumb question, but if DDOG is valued at 25B currently, why would they suggest DDOG would go for 20% less than current market cap?
Because the clerk who wrote that knows nothing about buy-outs.
This is just a rumor anyway, and is thus OT for our board. Please don’t extend this thread.
Saul
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