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Salesforce.com Takes $300M Loan to Pay For ExactTarget Acquisition

Salesforce.com has taken out a $300 million loan from Bank of America in order to finance its acquisition of email and digital marketing services ExactTarget. The loan will tighten up Salesforce.com's cash resources, and TechCrunch argues that this is likely a signal that the company won't be making any more acquisitions any time soon. Salesforce completed the loan last Thursday, the day the deal with ExactTarget closed. The contract stipulates that the loan will be paid off by the end of 2016.

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