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Don't Expect an Okta Merger

TheMotleyFool

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Don't Expect an Okta MergerPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Following Salesforce's announcement that it has agreed to acquire Slack Technologies, speculation mounted about other potential software-as-a-service companies that could fit well into a larger tech company. Could identity management specialist Okta (NASDAQ: OKTA) potentially get acquired? After all, like Slack, it has a sub-$30 billion market capitalization, making it a doable acquisition target for a megacap tech company such as Microsoft.

Don't bet on it. Okta management emphasized in an interview with Barron's on Wednesday that such a move is unlikely. Investors, however, shouldn't be disappointed. This top-notch tech company is likely better off on its own anyway.

Image source: Getty Images.

Source Fool.com

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