MuleSoft to Be Acquired by Salesforce for $6.5 Billion

On March 20, 2018, Salesforce, a global leader in customer relationship management (CRM), and MuleSoft, a provider of one of the world's leading platforms for building application networks, announced that they have entered into a definitive agreement under which Salesforce will acquire MuleSoft for an enterprise value of approximately $6.5 billion. Wilson Sonsini Goodrich & Rosati is representing MuleSoft in the transaction.

According to a press release, the MuleSoft acquisition consideration will be composed of $36.00 in cash and 0.0711 shares of Salesforce common stock per MuleSoft Class A and Class B common share, which represents a per share price for MuleSoft common shares of $44.89 based on the closing price of Salesforce common stock on March 19.

The transaction is expected to close in the second quarter of Salesforce's fiscal year 2019, ending on July 31, 2018, subject to the satisfaction of customary closing conditions, including the tender by MuleSoft stockholders of shares representing a majority of the MuleSoft common stock voting power, on a one-vote per share basis, and the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

The WSGR team representing MuleSoft in the transaction includes:

M&A:
Mike Ringler, Partner
Denny Kwon, Partner
Brendan Mahan, Associate
Jini Chatterjee, Associate
Brian Chan, Associate
Erin Malone-Shkurkin, Associate

Corporate/Securities:
Rezwan Pavri, Partner
Mark Bass, Associate
Brendan Brown, Associate

Antitrust:
Joshua Soven, Partner
Roisin Comerford, Associate
Lindsey Edwards, Associate

Employee Benefits & Compensation:
Scott McCall, Partner
Jessica Bliss, Of Counsel
Michael Klippert, Associate

Tax:
Eileen Marshall, Partner
Devin Heckman, Associate

Privacy and Cybersecurity:
Matthew Staples, Of Counsel
Patrick Kane, Associate

Regulatory and Compliance:
Josephine Aiello LeBeau, Partner
Anne Seymour, Associate

Technology Transactions:
Manja Sachet, Partner
John McGaraghan, Partner
Jennifer McGrew, Associate
Sean Withall, Associate
Atussa Simon, Associate
Tiffany Georgievski, Associate

Click here to the read the companies' joint press release.