Salesforce has announced a $5.66 billion agreement to acquire customer engagement platform Braze. Under the all-cash deal, Braze Class A shareholders will receive $47.50 per share, sending the company's stock soaring over 50% on Tuesday. The transaction, subject to shareholder and regulatory approval, is expected to close in Salesforce's fiscal year 2028.
company
Braze
Customer engagement platform
Salesforce announced Tuesday it will acquire customer engagement platform Braze for about $5.66 billion, sending Braze shares soaring more than 50 percent and reflecting the company's push into AI-powered marketing tools.