Salesforce Plans to Raise up to $25 Billion for Stock Buybacks

BlockBeats News, March 11th, according to Bloomberg, citing people familiar with the matter, Customer Relationship Management (CRM) software company Salesforce (CRM.N) is planning to issue up to $25 billion in bonds to fund stock buybacks, which would be the largest bond sale in the software company's history.

Informants said the company plans to issue at least $20 billion in bonds in the U.S. market. As details have not been made public, they requested anonymity. The informants also stated that these bonds could be issued as early as this week, but the timing is still subject to change.