Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Salesforce to Raise $1 Billion in Debt to Fund Acquisitions

Salesforce.com CEO Marc Benioff is about to go shopping for acquisitions, and he’ll have $1 billion to spend. The company just announced a plan to raise its debt by issuing convertible notes due in 2018. Salesforce says it will use the proceeds to fund “possible acquisitions of, or investments in, complementary businesses, services or technologies, working capital and capital expenditures.”


Latest Video

View all videos »

Search »

The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald