finance.yahoo.com Capital return
Salesforce Borrowed $25 Billion to Buy Its Own Stock and Cut Its Cash Flow Growth Guidance in Half
Salesforce (NYSE: CRM) made one of the biggest capital-allocation decisions in software this year, and it came in two parts. In March, the company entered a $25 billion accelerated share repurchase -- the largest such deal in history, by its own description -- funded with a $25 billion debt issuance. Then, reporting fiscal first-quarter results in late May, …