(CRM) Stock Adding to Gains Following Takeover Talks

NEW YORK (TheStreet) -- Shares of Inc  (CRM) are up 0.93% to $73.50 in midday trading Friday, adding to its gains from the past two days following a report that the company is working with financial advisers to field takeover offers, according to Bloomberg. shares jumped in Wednesday's session on the news. 

A takeover of Salesforce would be the largest of a software company, and would help a buyer push into the cloud computing space, Bloomberg added.

San Francisco-based is a provider of enterprise cloud computing solutions that helps with customer relationship management.

The company delivers its service through Internet browsers and mobile devices, and markets its social enterprise applications and platforms to businesses on a subscription basis, primarily through its direct sales efforts and indirectly through partners.

Insight from TheStreet's Research Team:

Jim Cramer commented on in a recent post on Here is a snippet what Cramer had to say about the stock:

We did not wake up to an $85 (CRM) bid after Microsoft's (MSFT) Satya Nadella shook hands with Marc Benioff for the largest tech takeover of our time. We did not see more than $50 billion go to from one of the most conservative companies in tech land to one of the most aggressive -- and, yes, expensive on any metric -- corporations on Earth. We didn't see Microsoft go from being a company with big ambitions in the cloud to being the biggest cloud company in the world.

If you liked this article you might like

Microsoft Has Been Reborn Under CEO Satya Nadella

7 Essential Rules for Investing in Tech Stocks

Adobe Is a Horse -- Jim Cramer Explains Why

How to Make Money on Booming Cloud Services Demand

Jim Cramer Reveals One Stock to Play the Cloud Space