NEW YORK (TheStreet) -- Shares of Salesforce.com (CRM) - Get Report were higher in mid-morning trading on Friday as the company is urging European Union antitrust officials to probe Microsoft's (MSFT) $26 billion acquisition of LinkedIn (LNKD).
Microsoft has already received approval for the deal in the U.S.
"That was war," TheStreet's Jim Cramer said of Salesforce's move on CNBC's "Squawk on the Street" this morning.
"This is so not Mark Benioff," Cramer said of Salesforce's CEO, "I think he is now a frenemy with (Microsoft CEO) Satya Nadella."
Cramer added that he thought the move was "hostile."
Microsoft is expected to seek EU antitrust approval in coming weeks for its biggest acquisition ever, Reuters reported.
In June, Salesforce lost a bidding war for LinkedIn, the social networking company.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on Salesforce.com stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures.
But the team also finds weaknesses including premium valuation, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CRM