Salesforce agreed to buy messaging app Slack

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Salesforce has agreed to buy workplace messaging app Slack for $27.7bn (£20bn).

“Match made in heaven” this is how the Marc Benioff, boss of Salesforce called a deal. The acquisition comes as the pandemic has increased the focus on remote work and tools, like Slack, which enable it.

Head of Slack Stuart Butterfield said it was “the most strategic combination in software history, and I can’t wait to get started.”

Under the terms of the Salesforce deal, Slack shareholders are to receive $26.79 in cash per share – roughly what they were worth at the beginning of November, before rumours of the acquisition pushed the price per share to more than $43 as of Tuesday.

 

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