And this is Salesforce saying combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. Maybe that valuation is a little bit light- also have those earnings to get to.īut I just want to read something from the press release here from the announcement that the merger or the purchase is going to go ahead.

And just taking a look at the stock here, this is pretty interesting, seeing both Salesforce and work at Slack Technologies down- Salesforce down about 3% here in aftermarkets. Let's go to Jared Blikre for the details. But really, who cares about that? We've got the deal news here.

Shares of Microsoft, which competes with Slack through its Teams offering, also dipped slightly on the report.- Welcome back. to further build out its collaboration engine and product footprint as cloud spending ramps across the enterprise,' Wedbush Securities' Dan Ives told CNBC, referring to Salesforce CEO Marc Benioff. 'This would be a game changer move for Benioff & Co. It would rank among IBM 's $34 billion purchase of Red Hat in 2019, Microsoft's $27 billion purchase of LinkedIn in 2016 and Facebook 's $19 billion purchase of WhatsApp in 2014. Slack would be one of the biggest software deals ever for the industry. The following year it spent more than twice that amount on Tableau, acquiring the data visualization company for $15.3 billion. It acquired MuleSoft for $6.5 billion in 2018, the company's biggest deal ever at the time, to help connect cloud applications. Salesforce has been on an acquisition spree, taking advantage of its market cap growth in recent years to buy growing companies. Slack's market cap ballooned to more than $20 billion following the WSJ's original report. It's unclear how much the deal would be worth.

Salesforce buy slack