Stephen Nellis
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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
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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
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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
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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.
The Deal Is Done: Slack Is Officially Part of Salesforce
10 hours ago
Salesforce has completed its $27.7 billion acquisition of Slack, combining the leading CRM platform with one of the leading messaging platforms.
The two companies announced in December they had reached a deal for Salesforce to acquire Slack. The deal was seen as a way for both companies to better compete with Microsoft. Microsoft Teams had eclipsed Slack, in terms of user count, thanks in large part to being part of Microsoft 365. Similarly, Microsoft has made it a goal to topple Salesforce as the leading CRM provider.
The deal underwent additional scrutiny by the DOJ before receiving regulatory approval, paving the way for the deal to close.
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Salesforce completes US$27.7bn Slack acquisition
Salesforce has officially completed its acquisition of collaboration software vendor, Slack, seven months after announcing the US$27.7 billion deal.
Together, Salesforce and Slack said they aim to deliver a Slack-first Customer 360 that gives companies a single source of truth for their business and single platform for connecting employees, customers and partners and apps used every day and within workflows. According to Salesforce, the deal brings together two dynamic global communities and creates and open and extensive ecosystem that can deliver fresh digital-first applications and workflows for businesses.