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ACCC clears path for Salesforce's $37.5 billion Slack acquisition

By
Kate Weber
on May 20, 2021 11:53AM
Each company has a distinct purpose .
The Australian Competition and Consumer Commission (ACCC) won’t oppose Salesforce’s planned US$27.7 billion (A$37.5 billion) acquisition of messaging platform Slack.
The commission said the buyout, announced last year, won’t decrease competition given Salesforce and Slack operated in different spaces and with different technolkogy stacks.
“Salesforce and Slack mostly supply different software with distinct purposes, so there is minimal direct competitive overlap between them,” ACCC chair Rod Sims said.
“We focused on whether Salesforce having both CRM and team collaboration solutions could give rise to a substantial lessening of competition.” ....

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ACCC gives go-ahead to Salesforce's Slack acquisition

The Australian Competition and Consumer Commission has revealed it will not oppose Salesforce’s proposed acquisition of Slack.
The agency said it was unlikely that the acquisition would result in Salesforce preventing Slack’s rivals in team collaboration solutions from competing effectively, and that Salesforce’s rivals in CRM solutions won’t be competitively disadvantaged.
Salesforce announced in December 2020 that it would acquire Slack for US$27.7 billion as both companies look to take on Microsoft, whose own Teams collaboration software saw sizable huge market traction and user adoption at the time.
“Salesforce and Slack mostly supply different software with distinct purposes, so there is minimal direct competitive overlap between them,” ACCC chair Rod Sims said. ....

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Heart of Rushville Farmers' & Artisans' Market opens Saturday

RUSHVILLE - The Heart of Rushville Farmers & Artisans Market will open its season this Saturday, May 22. Market hours are 9 a.m. to 12:30 p.m. in the beautiful downtown ....

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Bail denied for drunken police officer who shot noodle vendor on Bangla

Bail denied for drunken police officer who shot noodle vendor on Bangla
Bail denied for drunken police officer who shot noodle vendor on Bangla
PHUKET: Pornthep Channarong, the corporal with the Phuket Provincial Police who was drunk off-duty when he shot 25-year-old noodle vendor Aroon Thongplab in the stomach on Bangla Rd, Patong, in February, has been denied the right to post bail.
Thursday 20 May 2021, 11:03AM
The Phuket Provincial Court denied former police officer Pornthep Channarong to the right to post bail yesterday (May 19). Photo: The Phuket News
The Phuket Provincial Court made its ruling yesterday (May 19).
Bangkok lawyer Kerdphol Kaewkerd, who is providing free legal assistance to Mr Aroon’s wife, Kulthida Chananan, confirmed the news today (May 20). ....

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Построение отдела продаж: успех любого бизнеса

Построение отдела продаж: успех любого бизнеса
lifedon.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lifedon.com.ua Daily Mail and Mail on Sunday newspapers.

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