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Salesforce Inc. in Talks to Sell Media Company Time Inc.

November 06, 2024
According to an exclusive report by TipRanks.com, the CEO of Salesforce CRM is currently in talks to sell the media company Time Inc. This move comes as Salesforce continues to expand its reach and diversify its portfolio. While the details of the potential deal remain undisclosed, industry experts speculate that it could drive future revenue growth for Salesforce. This news has caught the attention of institutional investors, as Salesforce Inc. NYSE:CRM has become a crowded short software stock among them, according to Jefferies. Dash Acquisitions Inc. has also recently boosted its stock position in Salesforce Inc. NYSE:CRM. To get a reliable forecast of the future movement of Salesforce Inc. NYSE:CRM's stock, it is recommended to consult professionals from Stocks Prognosis.
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