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Home > Cloud Computing > Salesforce to acquire Slack for $27.7 billion

Salesforce to acquire Slack for $27.7 billion

Salesforce announced that the company has signed a definitive agreement to acquire the communication platform, Slack.

Erdem Yasar by Erdem Yasar
December 3, 2020
in Cloud Computing
1 min read
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Salesforce to acquire Slack for $27.7 billion
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CRM platform provider, Salesforce and enterprise communications platform, Slack announced that they have entered into a definitive agreement under which Salesforce will acquire Slack. Due to the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion.

New Interface for Salesforce Customer 360

Marc Benioff, Chair and CEO, Salesforce
Marc Benioff, Chair and CEO, Salesforce

The duo also stated that they will combine Slack with Salesforce Customer 360 to create the operating system for the new way to work. Salesforce also announced that Slack will be integrated into every Salesforce Cloud and as the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate, and take action on customer information. Slack will also be able to expand its presence in the enterprise, as a part of Salesforce’s CRM solution. Marc Benioff, Chair and CEO, Salesforce, said,

“Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it. 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. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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