Salesforce to buy Braze for $5.66 billion

Salesforce signed a definitive agreement on Oct. 20, 2026 to acquire Braze for an enterprise value of about $5.66 billion, paying $47.50 in cash per share. The offer is roughly a 58 % uplift over Braze's last closing price of $30.04. The transaction is slated to close in Salesforce's fiscal year 2028, subject to shareholder and regulatory approvals. Salesforce said the deal will not alter its fiscal‑2027 guidance.

The acquisition adds a real‑time engagement platform to Salesforce's Marketing Cloud, potentially expanding its addressable market. Analysts note the high premium and the integration risk, which could affect shareholder value for both companies.

  • 1The deal values Braze at approximately $5.66 billion in enterprise value.
  • 2Salesforce will pay $47.50 in cash for each Braze Class A share.
  • 3The cash price represents an uplift of about 58 % compared with Braze's prior close of $30.04.
  • 4The acquisition is expected to be completed in Salesforce's fiscal year 2028, pending approvals.
  • 5Braze generated $738 million in revenue for the year ended January 2026.
  • 6If the transaction is terminated, Salesforce must pay a $300 million fee, while Braze would owe $191.4 million.

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