Okta, whose cloud software allows office workers to access all of their apps through a secure online service, said on Wednesday that it’s spending $6.5 billion to acquire rival Auth0. CNBC reports: Okta’s shares plunged about 13% in extended trading after the announcement. The all-stock deal equals about 21% of Okta’s market cap as of Wednesday’s close. Okta said it expects…
Tag: marc benioff
Conferences Plot a Comeback Even Before Vaccines Are Widely Distributed
It could take a while before the handshake comes back, if it ever does. Business conferences, however, are set to restart in the U.S. the moment health code allows. And despite uncertainty around when exactly that will be, convention organizers are holding out hope — and event space — for a possible return in the coming weeks. From a report: One…
Salesforce Acquires Slack in a $27.7B Deal
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 Buys Slack in a $27.7B Megadeal
Salesforce, the CRM powerhouse that recently surpassed $20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a $27.7 billion megadeal. From a report: Salesforce co-founder and CEO Marc Benioff didn’t mince words on his latest purchase. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of…
How Robert Cringely Scored 5 Million N95 Masks From China
This week, tech pundit Robert Cringely described how a chance conversation with China-based entrepreneur Anina led to a friend with a garment factory “now making fully certified N-95 respirators with no clear distribution plan.”
Late on a Sunday night with the tech world in shut-down, how long would it take for me to find someone looking for up to five million N-95…