Stephen Nellis
1/2
Smartphone with Slack logo stands in a shopping cart on a keyboard in front of displayed Salesforce logo in this picture illustration taken December 1, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
Read More
July 21 (Reuters) - Business software maker Salesforce.com (CRM.N) on Wednesday closed its $27.7 billion purchase of Slack Technologies Inc (WORK.N), a massive bet that Slack s workplace app will become popular for collaborations within and between companies.
U.S. antitrust regulators cleared the deal this week, allowing the creation of a stronger challenger to Microsoft Corp (MSFT.O), the top workplace software provider whose Teams app competes with Slack for market dominance.
By Stephen Nellis
(Reuters) – Business software maker Salesforce.com on Wednesday closed its $27.7 billion purchase of Slack Technologies Inc, a massive bet that Slack’s workplace app will become popular for collaborations within and between companies.
U.S. antitrust regulators cleared the deal this week, allowing the creation of a stronger challenger to Microsoft Corp, the top workplace software provider whose Teams app competes with Slack for market dominance.
The merger partners hope the deal will bolster efforts to connect their joint customers to smooth out common business deals, Salesforce President Bret Taylor and Slack Chief Executive Stewart Butterfield said in an interview on Wednesday.
After US$27.7 billion deal, Salesforce aims to connect companies via Slack Toggle share menu
Advertisement
After US$27.7 billion deal, Salesforce aims to connect companies via Slack Business software maker Salesforce.com on Wednesday closed its US$27.7 billion purchase of Slack Technologies Inc, a massive bet that Slack s workplace app will become popular for collaborations within and between companies.
FILE PHOTO: Smartphone with Slack logo stands in a shopping cart on a keyboard in front of displayed Salesforce logo in this picture illustration taken December 1, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
22 Jul 2021 07:55AM Share this content
Bookmark
REUTERS: Business software maker Salesforce.com on Wednesday closed its US$27.7 billion purchase of Slack Technologies Inc, a massive bet that Slack s workplace app will become popular for collaborations within and between companies.
Date Time
Allens acts for Salesforce on obtaining ACCC clearance
Allens acted for leading customer relationship management solutions provider, salesforce.com, inc (Salesforce), in obtaining ACCC clearance of its US$27.7 billion acquisition of collaboration solution provider, Slack Technologies, Inc (Slack). The acquisition completed on 21 July 2021.
‘We are pleased to have acted for Salesforce in such a significant acquisition. Combining Salesforce and Slack’s complementary solutions is expected to enhance the way organisations and people work and communicate in this digital and work-from-anywhere world,’ said lead competition Partner and head of the Allens Competition, Consumer and Regulatory group Jacqueline Downes.
‘The ACCC’s public review of this acquisition demonstrates its increasing interest in closely reviewing matters involving digital services. We expect this trend will continue, consistent with the global regulatory focus on digital platforms and services.
Cut us some Slack: $27bn+ later, collab tool officially belongs to Salesforce theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.