benioff2 CEO Marc Benioff Photograph by Getty Images

Marc Benioff Just Got Real About His Plans to Buy LinkedIn and Twitter

Oct 27, 2016 Chief Executive Officer Marc Benioff spoke on Wednesday about a pair of key acquisitions that got away, suggesting his vision for LinkedIn was different from Microsoft's and that he would have pursued Twitter if shareholders had not learned of his plans.

Speaking at a technology conference hosted by the Wall Street Journal in Laguna Beach, California, Benioff declined to elaborate on what he had hoped to do with micro-blogging site Twitter (twtr).

Twitter hired bankers earlier in October to explore selling itself. Technology and media companies including (crm), Walt Disney (dis) and Alphabet's Google (goog) looked at the company but passed on buying it.

Some regarded Twitter as an unlikely fit for, whose platform is popular among sales teams. Benioff said he was forced to drop the deal when investors began voicing concerns.

"We've never had a deal leak before; we don't really understand that dynamic," said Benioff, who is an avid Twitter user. "We had to stop because I'm running the business in partnership with my shareholders."

Benioff was also effusive about his interest in professional social networking site LinkedIn (lnkd), which Microsoft (msft) agreed to buy for $26.2 billion in June. Benioff told technology news website Recode in June that made a bid for LinkedIn and was primarily interested in its recruiting business.

Benioff on Wednesday said he saw parallels between's business model and LinkedIn's.

"We really liked some of the business fundamentals," he said, adding few details on his vision for an acquisition of LinkedIn.

He contrasted that vision with Microsoft's, which he said centered on mingling the companies' data streams to make it difficult for other companies to compete. has raised concerns about the deal to European antitrust regulators.

"Last time I checked, that was illegal," he said of Microsoft's plans for LinkedIn's data.

Microsoft said it was confident it would gain final regulatory approval for the LinkedIn acquisition by the end of 2016.

"We're committed to continuing to work to bring price competition to a CRM (customer relationship management) market in which Salesforce is the dominant participant charging customers higher prices," a Microsoft spokesman said in an emailed statement.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions