They have not turned a profit since their initial public offering last year. Furthermore, Slack’s growth should be a risk for Salesforce. A much better suited one could argue could be Google or Amazon as they could integrate Slack into their platforms, but that would be unlikely due to antitrust regulations. On the other hand, Slack could be a distraction for Salesforce management and could therefore not be believed to be the best owner for Slack.

Julia La Roche is a correspondent for Yahoo Finance.

Shares of Salesforce are up 7.9% year-to-date. Shares of Salesforce were last trading up 0.14%, or 34 cents, near $240.45 in the pre-market. Every business-in every industry-has to optimize for a digital-first customer, employee, and partner experience,' the company said in its announcement. 'Headquarters are no longer on Madison Avenue or Main Street-they are in the cloud. Last week, the Department of Justice told the company it closed its antitrust investigation of the deal, giving the green light for the transaction's close.Īs companies debate the future of work post-COVID, Salesforce said companies learned last year that 'if you don't have a digital way to connect with your employees, customers, and partners, you don't have much of a chance of surviving.' In December, Salesforce signed a definitive agreement to acquire the popular messaging software platform Slack Technologies in a cash and stock deal worth $27.7 billion, making it Salesforce's largest-ever acquisition. I could not be more excited for what's to come,' Butterfield added. 'Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. Slack's co-founder and CEO Stewart Butterfield, who will continue to lead the company, called the deal 'a once-in-a-generation opportunity to rethink and reshape how and where we work.'

Slack purchase price