Salesforce to acquire workplace messaging app Slack for $27.7 billion

Cloud computing giant Salesforce on Tuesday announced that it is acquiring workplace chat app Slack. “Under the terms of 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 based on the closing price of Salesforce’s common stock on November 30, 2020,” the report by Slack and Salesforce read. 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. While Slack CEO Stewart Butterfield believes that the acquisition of Slack by Salesforce is the most strategic combination in the history of software. As the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate, and take action on customer information across Salesforce as well as information from all of their other business apps and systems to be more productive, make smarter, faster decisions and create connected customer experiences,” the statement issued by the companies read.