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6/10, 8:04 PM (Source: TeleTrader)
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Salesforce shares drop over 5% on Tableau acquisition

Shares of cloud-based software firm Salesforce.com Inc plummeted over 5% during intraday trading on Wall Street on Monday, following the announcement of its purchase of Tableau Software.

Meanwhile, Tableau shares soared over 30% after it was said that the software company would be bought for $15.7 billion of enterprise value, in an all-stock transaction.

Salesforce declined 5.17% at 1:47 pm ET, dropping 4.53% in the last 30 days.

Breaking the News / BM