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Weekly#171

  • Salesforce.com Inc. lost out on its own bid for LinkedIn Corp. to Microsoft Corp., which acquired the professional social network site for $26.2 billion on Monday, according to a person familiar with the matter.Salesforce.com’s offer price isn’t known, but Brent Thill, an analyst at UBS Group, said purchasing LinkedIn would have been a stretch for the company, which makes web-based software for salespeople. The price Microsoft paid is nearly half of Salesforce.com’s $55.9 billion market capitalization. (WSJ)
  • Watch Apple’s Two-Hour 2016 WWDC Keynote in 7 Minutes (MacRumors)
  • Alibaba Group Holding Ltd. released an annual revenue forecast for the first time, projecting a 48% increase for the fiscal year ending in March as the Chinese e-commerce company seeks to alleviate investors’ concerns about its growth prospects. (WSJ)
  • LinkedIn also could supercharge Microsoft’s Customer Relationship Management (CRM) software, used to identify and track sales leads. Microsoft is in fourth place in market share among the large CRM players, including Salesforce.com Inc., SAP SE and Oracle Corp.
    Salesforce is the market leader, but it holds a minority of the complex and sometimes ill-defined market.LinkedIn already has its own CRM-type product, LinkedIn Sales Navigator, but more important, it has the data and reach that any CRM company would covet.(WSJ)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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