FAST FIVE: Salesforce Confirms Deal To Buy Slack In Biggest Tech Tie-Up Of 2020
Salesforce Confirms Deal To Buy Slack In Biggest Tech Tie-Up Of 2020 Tyler Durden Tue, 12/01/2020 – 16:22 It's official.
Meanwhile, shares of Salesforce slumped as the company published a press release confirming the deal for $27.7 billion in cash and stock, giving the corporate software giant and popular workplace-communications platform status as one of the top technology deals of the year.
Both companies saw their shares move on the news.
“The events of this year have greatly accelerated the move by companies and governments to an all-digital world, where work happens wherever people are – whether they're in the office, at home or somewhere in between.
They need to deliver connected experiences for their customers across every touchpoint and enable their employees to work seamlessly wherever they are.” The transaction, Salesforce's largest-ever acquisition, is expected to close in Q2 2022.