Braze (BRZE) shares surged after Salesforce (CRM) agreed to acquire the company for $5.66 billion in an all-cash deal. Braze shareholders will receive $47.50 per share, while the stock traded around $45.35 that morning, suggesting some doubt the deal would close as negotiated. As of 10:10 a.m. ET, Braze was up 51.1% while Salesforce fell 0.6% after dipping as much as 3%. Braze brings 2,770 customers, including Canva, Dairy Queen, Equinox and Instacart, and the deal is expected to close in Salesforce's fiscal 2028, which begins in February, with significant regulatory pushback considered unlikely.
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