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.”


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There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

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