Why Salesforce Just Bought This Ex-Facebook CTO’s Startup

Hard on the heels of its Demandware acquisition in June, Salesforce confirmed on Monday that it’s acquiring cloud collaboration software maker Quip.

The purchase price is $ 582 million, plus the value of Salesforce’s previous investments in the company, according to a regulatory filing late last week. According to one estimate, the total value amounts to roughly $ 750 million.

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