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Salesforce Spending $582 Million in Stock to Acquire Startup Quip

June 2, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Saleforce.com were down slightly Tuesday after agreeing to acquire startup Quip for $582 million in stock. Quip provides cloud-based software that lets users collaborate on mobile platforms and create documents. The deal is expected to close in the third quarter, pending regulatory approval.

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