NEW YORK (TheStreet) -- CNBC has a new report about substantive talks between Microsoft (MSFT) and Salesforce (CRM) having taken place earlier this spring. According to the report, however, the two sides couldn't agree on price and the talks ended.
But the most shocking part of the report is that Microsoft was willing to offer $55 billion for the company. Salesforce wanted $70 billion.
This would amount to a big-ticket purchase for any company -- even one the size of Microsoft. A $55 billion price tag for Salesforce would have been even higher than the $44.6 billion Microsoft offered Yahoo (YHOO) in 2008.
A deal that size would most certainly put the mark of the new CEO, Satya Nadella, on Microsoft. It would be a signal about the importance of the enterprise arena to the new Microsoft. It would also be a signal about the importance of the cloud.
Here's what The Street's Jim Cramer had to say about the latest developments:
"We know that Marc and Satya respect each other. But Marc has steadfastly declined to comment on any talks of any deals. I do think that if Microsoft wants to get bigger in the cloud fast, it should bite the bullet and pay up. Not an easy task after the most recent rally off the better than expected earnings. Where there was once smoke, there was once fire, though, and that can certainly be reignited."
Nadella rose to prominence at Microsoft -- and arguably got the top job there -- because he built Microsoft's cloud offering into a super-strong offering able to compete with Amazon's (AMZN) Amazon Web Services.