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via seekingalpha.comBusiness & Companies

Braze jumps over 50% after Salesforce agrees to buy it for $5.66B

FROM THE WIRE · SEEKINGALPHA.COM

[Rear view of male programmer coding on computers while sitting at desk in office] Braze (BRZE [https://seekingalpha.com/symbol/BRZE]) shares catapulted more than 50% on Tuesday after Salesforce (CRM [https://seekingalpha.com/symbol/CRM]) agreed…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA sizeable software acquisition lifts the sector while chip stocks hold steady.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Salesforce agreed to buy Braze for $5.66 billion in enterprise value.
  2. 02Braze shares rose more than 50% on Tuesday.
  3. 03The iShares Expanded Tech-Software ETF climbed 1% by afternoon trading.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Salesforce, Inc.CRMStock242.43 USDMarket closedtoday -0.01%Positive Braze, Inc.BRZEStock45.57 USDMarket closedtoday +51.70%Positive monday.com Ltd.MNDYStock100.86 USDMarket closedtoday +7.96%Positive iShares Expanded Tech-Software Sector ETFIGVETF106.93 USDMarket closedtoday +0.89%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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