Salesforce Plans to Raise Up to $25 Billion to Fund Buybacks

Salesforce Inc. is planning to sell as much as $25 billion of debt to fund a share buyback, according to people with knowledge of the matter, in what would be the software firm’s biggest-ever note sale.

The company is targeting a US bond offering of at least $20 billion, said the people, who asked not to be identified because details are private. They added the notes could be sold as soon as this week, but the timing could change.