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Why Datadog Stock Popped Today

TheMotleyFool

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Shares of Datadog (NASDAQ: DDOG) have popped today, up by 10% as of 1:15 p.m. EDT, following speculation that salesforce.com (NYSE: CRM) is trying to acquire the company. Rumors suggest that Salesforce made an all-stock offer to purchase Datadog in a deal valued over $20 billion.

The unconfirmed rumors have credibility for a number of reasons. Datadog's market cap is currently around $25 billion, so any potential acquisition would be worth over $20 billion. At the same time, Salesforce is extremely acquisitive, having scooped up 63 other companies throughout its history, according to Crunchbase.

Image source: Getty Images.

Source Fool.com

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