Episode Details

Salesforce announced a definitive agreement to acquire customer-engagement platform Braze for ~$5.66B in cash ($47.50/share, a ~58% premium), its fourth deal in 22 days after Listen Labs and Loops, stacked on last year's Informatica close. Alex and Jordan break down the deal terms, why Braze fixes the Marketing Cloud leak that was costing Salesforce expansion dollars inside its own accounts, the layer-by-layer agent-stack strategy (data, research, analytics, activation), the Informatica integration scorecard, and the bear read: premium, product overlap, a fiscal-2028 close, and capital allocation versus buybacks. Plus what to watch: the regulatory path, Braze's retention during the long close, and Salesforce's Q3 print. For informational and educational purposes only; not financial advice.