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Categories: Quip Salesforce.com

#Salesforce is continuing its buying spree to expand the kinds of cloud-based apps and services that it offers to its customers beyond basic CRM. The company has just announced that it is acquiring #Quip, the cloud-based word processing app that was co-founded by Bret Taylor, formerly CTO of Facebook. We understand from two sources very close to the deal that the total price is $750 million. That includes cash and shares, as Salesforce’s 8-K that it just filed on the deal notes “Quip capital stock with an aggregate value of approximately $582 million not including consideration attributable to Salesforce Ventures’ existing investment in Quip.”

https://techcrunch.com/2016/08/01/salesforce-buys-word-processing-app-quip-for-750m/?mkt_tok=eyJpIjoiWmpNNU56aG1aVFZoTUdVMyIsInQiOiJMdmpLa3VaRUJraXlQbk44UVBDOFg1cmYrTm45UXFNV3NiMVNiSTI5UmZ2eTJjbEZvXC8yMWgrbWRXSXVsOFlNRGFDMjN5T254NzFTWXIwd1NaTnp5R0xkb1M4MkNHbEtsSG1tV0VTOEZFUlU9In0%3D

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