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11/30/2020, 3:27 PM (Source: TeleTrader)
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Salesforce to announce Slack deal on Tuesday - report

Salesforce will formally announce its decision to purchase business communication platform Slack after the closing bell on Tuesday when the company is set to release its third-quarter earnings, CNBC reported on Monday citing people familiar with the plans.

According to the report, the deal will be half cash and half stock and is expected to value the work messaging app over its current market value of $17 billion, meaning the deal would be Salesforce's largest acquisition ever.

The deal was first reported last week.

Breaking the News / JC