Salesforce held talks to buy Slack Technologies
Slack shares are up 63% this year
Salesforce.com has recently been in talks to buy Slack Technologies Inc., according to people familiar with the matter, a deal that would mark a big move by the corporate-software maker into office communications.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CRM | SALESFORCE INC. | 276.70 | +1.48 | +0.54% |
| WORK | n.a. | n.a. | n.a. | n.a. |
Any deal would likely value Slack at more than its current market capitalization of $17 billion and represent Salesforce's largest acquisition ever. ddd
There is no guarantee the talks will lead to a deal and Salesforce could ultimately settle on another target, some of the people said.
--Maureen Farrell contributed to this article.
Write to Cara Lombardo at cara.lombardo@wsj.com, Liz Hoffman at liz.hoffman@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com
(END) Dow Jones Newswires
November 25, 2020 11:38 ET (16:38 GMT)
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