Salesforce and Slack Technologies have entered into a definitive agreement under which Salesforce will acquire Slack. In a statement, the two companies said: Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. “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.” Editor’s note: The story was updated on Tuesday with confirmation about the deal from the two companies.
Read more of this story at Slashdot.
Source:
https://slashdot.org/story/20/11/30/1428224/salesforce-acquires-slack-in-a-277b-deal?utm_source=rss1.0mainlinkanon&utm_medium=feed