Tableau Enters Agreement to Sell to Salesforce for $15.7 Billion
San Francisco – June 10, 2019 – Cooley advised leading analytics platform Tableau on its agreement to sell to Salesforce in a $15.7 billion all-stock transaction. Lawyers Jamie Leigh, Ben Beerle, Jodie Bourdet and Ian Nussbaum led the Cooley team advising Tableau on the deal, which is expected to close early in Q4.
The combination will enable 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.
“Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data,” said Adam Selipsky, president and CEO of Tableau, in a news release. "As part of the world’s #1 CRM company, Tableau’s intuitive and powerful analytics will enable millions more people to discover actionable insights across their entire organizations. I’m delighted that our companies share very similar cultures and a relentless focus on customer success. I look forward to working together in support of our customers and communities."
Following the acquisition close, Tableau will operate independently under the Tableau brand, driving forward a continued focus on its mission, customers and community. Tableau will remain headquartered in Seattle, Washington, and will continue to be headed by Adam Selipsky and the current leadership team.
Cooley has advised Tableau since 2004, representing the company in all of its venture capital financings, its successful $292 million IPO on the New York Stock Exchange and additional follow-on and secondary public offerings.
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