Salesforce is working with financial advisors to field bids after being approached by an unnamed party about a possible buyout, according to a Bloomberg report.
The cloud-based CRM (customer relationship managment) company has a market value of more than $40 billion. It could be the largest software acquisition ever, according to Bloomberg.
The report cited unnamed sources and did not name any potential bidders. There is no guarantee a deal will come together, the sources told Bloomberg.
Salesforce stock was up almost 9 percent on the New York Stock Exchange less than an hour before the end of trading Wednesday.