Salesforce Buying Tableau Software in $15.7-Billion Deal

Customer management software developer Salesforce is buying Tableau Software in an all-stock deal valued at $15.7 billion.

Tableau uses self-service analytics to help people with any skill level work with data. Among the companies that use Tableau's services are Charles Schwab, Verizon and Netflix. Once the transaction closes, Tableau will operate independently and stay headquartered in Seattle.

"Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data," Tableau President and CEO Adam Selipsky said in a prepared statement.

Shares of cloud software giant Salesforce dropped sharply after it announced it would buy big data firm Tableau, a Seattle-based company that specializes in data visualization, for $15.3 billion in stock.

The acquisition is expected to decrease fiscal year 2020 non-GAAP EPS by $0.37 to $0.39. In its last fiscal year, which ended January 31, Salesforce earned $1.43 per share on $13.28 billion in revenue.

Salesforce Buying Tableau Software in $15.7-Billion Deal