reportedly to acquire Buddy Media

Cloud computing pioneer rumored to buy social media branding company for more than $800 million, All Things D reports. is close to aquiring Buddy Media, a company that helps brands manage a presence on social media sites, for more than $800 million, All Things D reports.

Salesforce boasts more than 100,000 customers that utilize its cloud computing services. Adding a social media element, could help bolster its core business management services. Buddy Media is best known for helping big brands navigate Facebook. Recently, it has expanded to other social media platforms like Twitter, LinkedIn and Google+.

The two companies have agreed to terms, but the transaction hasn't closed yet, according to All Things D's unnamed sources.

"People familiar with the deal say Buddy Media chose Salesforce's offer over a competitive bid from Google," according to the post.

CNET has contacted Buddy Media and Salesforce for comment, and we will update this report when we learn more.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Microsoft leaves Apple in the dust with tablet and laptop innovation in 2015

Will there be one Apple Ring to rule them all? That's what a patent application says. Plus, building the thinnest gadget isn't innovation anymore and Apple just got a reality check from Microsoft.

by Brian Tong