Salesforce has announced that isis acquiring Slack in a $27.7 billion megadeal. This is the largest acquisition in the 21-year history of Salesforce. Slack is the workplace messaging app and the deal will enable Salesforce to provide an integrated messaging platform to customers using Salesforce.
Slack shareholders will get 0.0776 shares of Salesforce 0.0776 shares of Salesforce common stock for each Slack share and $26.79 in cash.
“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,” Salesforce co-founder and CEO Marc Benioff said in a statement.
Salesforce was one of the first who started selling software as a subscription service. Now SAAS has become an industry standard and most software companies are now into this. Microsoft has also developed Office 365 that includes Teams, a Slack-like chatting service.
Microsoft has been posing a threat to Salesforce’s main products and Slack. So, the acquisition could help Salesforce in competing well against the software giant. Microsoft also thought to buy Slack in past but then dropped the plan. Now the company is focusing on Teams that is challenging Slack.
