Tessa J. Schwartz, Christine E. Lyon, Justin H. Haan, and Mary Race
Corporate, Technology Transactions, and Privacy + Data Security
MoFo News Item
Morrison & Foerster is advising Salesforce (NYSE:CRM), the global leader in CRM, on the intellectual property and privacy aspects associated with the company’s recently announced deal with Tableau Software (NYSE: DATA). The two companies announced on June 10, 2019, that they have entered into a definitive agreement, under which Salesforce will acquire leading data analytics platform Tableau in an all-stock transaction, pursuant to which each share of Tableau Class A and Class B common stock will be exchanged for 1.103 shares of Salesforce common stock, representing an enterprise value of US$15.7 billion (net of cash).
Tableau is the top analytics platform that helps people see and understand data, while Salesforce is the top CRM company that helps people engage and understand customers. With Tableau, Salesforce will play an even greater role in driving digital transformation, enabling companies around the world to tap into data across their entire business and surface deeper insights to make smarter decisions, drive intelligent, connected customer experiences and accelerate innovation.
The MoFo deal team was led by San Francisco Technology Transactions partner Tessa Schwartz, Palo Alto Privacy partner Christine Lyon, San Francisco Technology Transactions associate Justin Haan, and Palo Alto Privacy associate Mary Race.
For more information, read the related press release.
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