Salesforce Profit Outlook Buoys Software Maker Against Activist Investors

Salesforce latest results and coming changes such as disbanding its deal-making committee might be enough to undercut some of the chief concerns floated by activists against the business-software provider, according to analysts. Salesforce on Wednesday reported better-than-expected fourth-quarter earnings and upbeat guidance for the year, including improved profitability amid a cost-cutting push. Co-founder and Chief Executive Marc Benioff said the company is focused on improving its profit by reducing its head count, paring real-estate costs and eliminating a committee focused on mergers and acquisitions. Read More...


Microsoft’s licensing offer likely to satisfy EU on Activision, sources say

BRUSSELS (Reuters) -Microsoft’s offer of licensing deals to rivals is likely to address EU antitrust concerns over its $69 billion acquisition of Activision, three people familiar with the matter said, helping it to clear a major hurdle. Microsoft announced the Activision bid in January last year, its biggest ever, to take on leaders Tencent and Sony, in the booming videogaming market and to venture in the metaverse which is virtual online worlds where people can work, play and socialise. The European Commission, which is scheduled to decide on the deal by April 25, is not expected to demand that Microsoft sell assets to win its approval, the people said.

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