off-the-wire

Salesforce, activist investor Elliott may soon reach deal - CNBC

Kitco Media
By Reuters
Published:
Updated:
Reuters

Feb 17 (Reuters) - Cloud-based software firm Salesforce Inc (CRM.N) and activist investor Elliott Management Corp may soon reach a deal, CNBC reported on Friday, citing sources.

Elliott recently made a multi-million dollar investment in Salesforce and planned to nominate several director candidates at the company, Reuters reported in January.

Salesforce did not immediately respond to a Reuters request for comment.

Reporting by Tiyashi Datta in Bengaluru; Editing by Shinjini Ganguli
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