Done Deal: Salesforce.com Acquires Facebook Ad-Management Provider Buddy Media

The deal by online customer-relationship-management platform Salesforce.com to acquire Facebook and social ad-management software provider Buddy Media, initially reported last week by AllThingsD, is now official, but at a lower price than originally speculated.

The deal by online customer-relationship-management platform Salesforce.com to acquire Facebook and social ad-management software provider Buddy Media, initially reported last week by AllThingsD, is now official, but at a lower price than originally speculated.

Salesforce.com announced Monday that it has agreed to acquire Buddy Media for approximately $689 million in cash and equity in Salesforce.com — approximately $467 million in cash, $184 million in Salesforce.com common stock, and $38 million in vested Salesforce.com options and restricted stock units.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in