Salesforce has entered into a definitive agreement to buy MuleSoft, which provides a platform that helps companies integrate disparate applications, data and devices.
Here are four things to know about the deal.
1. Under the deal, Salesforce will pay $44.89 per share for MuleSoft. Each share of MuleSoft will equal $36 in cash and 0.0711 shares of Salesforce common stock. The deal is valued at approximately $6.5 billion.
2. Salesforce expects to fund the purchase with cash from its balance sheet and approximately $3 billion in proceeds from a combination of term loans and/or the issuance of debt securities.
3. "With the full power of Salesforce behind us, we have a tremendous opportunity to realize our vision of the application network even faster and at scale," MuleSoft Chairman and CEO Greg Schott said in a news release. "Together, Salesforce and MuleSoft will accelerate our customers' digital transformations, enabling them to unlock their data across any application or endpoint."
4. The parties expect the deal to close by the end of July.
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