Why did CRM buy Slack?

Why is Salesforce buying Slack?

“Slack is how organizations all around the world are finding success in this all-digital work anywhere world. It’s your digital HQ. … And the Slack-First Customer 360 makes every Salesforce product more powerful and more effective for our customers.”

What did crm pay for Slack?

In early December, salesforce.com (NYSE:CRM) announced that it would acquire workplace communication tool Slack Technologies (NYSE:WORK) for roughly $28 billion. This was by far the company’s largest acquisition to date.

When did Salesforce buy Slack?

On December 1, 2020, the companies jointly announced a definitive agreement under which Salesforce would acquire Slack. For more information on the announcement, please refer to this press release.

Did CRM buy Slack?

Software giant Salesforce (CRM) officially closed on its $27.7 billion record acquisition of messaging app Slack Technologies (WORK) on Wednesday, as the company bets big on a digital work-from-anywhere future.

Why did Salesforce pay so much for Slack?

SAN FRANCISCO — Salesforce said on Tuesday that it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in a wave of deals as the coronavirus pandemic boosts demand for tools that enable people to work remotely.

Is Slack really worth 27 billion?

The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion. Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and . 0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share.

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Did Salesforce overpay for Slack?

Salesforce CRM -0.8% announced it will pay a whopping $27.7 billion for the business chat service, Slack Technologies. …

Who owns Slack now?