Salesforce to acquire data protection firm Own Company for ~$1.9B cash

Salesforce, Inc.

Purchase price of $1.9B in cash, net of ~10% of shares already owned by Salesforce.
Own serves nearly 7,000 customers with data backup, security, and compliance solutions.
Transaction expected to close in Q4 of Salesforce's fiscal 2025; no change to FY2025 guidance.
Accretion on a free cash flow basis expected starting in the second year post-close.
Acquisition will not impact Salesforce's existing capital return program.

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