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.

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TickerSecurityLastChangeChange %
CRMSALESFORCE.COM213.14-2.46-1.14%
WORKSLACK TECHNOLOGIES INC.41.80-0.12-0.29%

Any deal would likely value Slack at more than its current market capitalization of $17 billion and represent Salesforce's largest acquisition ever. ddd

SLACK IPO SMASHING SUCCESS

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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