TechTaffy

tech:

taffy

Salesforce Acquires ExactTarget For $2.5B

By TechTaffy Desk

ExactTargetSalesforce has entered into a definitive agreement to acquire ExactTarget in a transaction valued at approximately $2.5 billion.

Under the terms of the agreement, Salesforce will commence a tender offer for all outstanding shares of ExactTarget for $33.75 per share, in cash. The transaction has been unanimously approved by the boards of directors of both companies.

Bank of America Merrill Lynch is serving as the financial advisor to Salesforce. JP Morgan is serving as the financial advisor to ExactTarget.

[Image courtesy: ExactTarget]

Just in

Series C

Atlan raises $105M

San Francisco, Calif.-based Atlan, providers of a data and AI governance platform, has raised $105 million in a Series C funding round.
AI

OpenAI introduces AI-generated content detection tool

OpenAI has announced the launch of a new tool designed to distinguish content created by artificial intelligence.
Around the web

TikTok and its Chinese owner sue US government over “foreign adversary” law — Ars Technica

TikTok and its owner ByteDance today sued the federal government to block the "Foreign Adversary Controlled Applications" law that would prohibit TikTok in the US if the company isn't sold to a non-Chinese firm, writes Jon Brodkin in Ars Technica. 
Fundings

Wiz raises $1B

Cloud security company Wiz has raised $1 billion in a funding round.
Fundings

Augment raises $227M 

Palo Alto, Calif.-based Augment, an AI coding assistance startup, has emerged from stealth with the announcement of a $227 million Series B funding round.