Salesforce held talks to buy Slack Technologies
Slack shares are up 63% this year
BMO Capital Markets chief investment strategist Brian Belski discusses Janet Yellen being nominated for Treasury Secretary and his outlook for the markets.
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. | 266.08 | +0.82 | +0.31% |
| WORK | NO DATA AVAILABLE | - | - | - |
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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