12/1/2020, 10:10 PM (Source: TeleTrader)
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Salesforce announces $27.7B deal to buy Slack

Salesforce confirmed on Tuesday its acquisition of business communication platform Slack for an enterprise value of $27.7 billion, through a combination of stock and cash, according to a press release published ahead of the company third quarter earnings. .

Salesforce's purchase of the work messaging app is the company's largest acquisition ever.

"This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes," Salesforce CEO Marc Benioff said in a press release.

Baha Breaking News (BBN) / JC