A Simple Email Leak Could Blow Your M&A Deal
Last month, DCLeaks published a treasure trove of emails from the hacked account of former Secretary of State Colin Powell. Included was information on the various companies SalesForce was considering acquiring.
All it takes is one leaked email for the wrong party to know about your deal.
The Wall Street Journal says, “Most of the companies mentioned declined to comment.”
Of course they declined. Just as a hacker won’t necessarily tell you that he has confidential information about your M&A deal which he plans using to his own advantage.
How secure are your communications? Are you sharing information with the wrong people?
Benchmark looks at some of the companies mentioned in the leaked emails and how they rated as acquisition targets:
Box and Zendesk: The status on the presentation for Box, which Salesforce is a long-time investor of, and Zendesk stated that the CEOs had “no interest” in a deal….
Workday: Similar to Box and Zendesk, the comment attached to Workday in the presentation said “less interested”…
HubSpot: In the presentation, the status under HubSpot was left blank, which does not give much away. However, it does question how serious Salesforce is about acquiring the company…
Tableau: The media attention surrounding the leaked Salesforce email worked to benefit some of the businesses on the list, one of which being software company Tableau whose shares rose as much as 7.3 per cent after the list was published…
Netsuite: The entry for Netsuite was interesting as it came with a cautionary note that chief executive of Oracle Larry Ellison owned 47 per cent of the company….