![]() Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes a Teams chatting service that includes many of the same features as Slack’s 6-year-old application. So, when Salesforce announced its plan to buy the collaboration platform Slack for 27.7 billion right before its virtual Dreamforce conference early this month, people wondered what CEO Marc Benioff had up his sleeve. Salesforce’s flamboyant founder and CEO Marc Benioff hailed the “cloud computing” concept as the wave of the future to much derision initially.īut software as a service has become an industry standard that has turned into a gold mine for longtime software makers. The AP’s Michael Liedtke and Matt O’Brien wrote : He set up Salesforce with a pledge of corporate giving and bought himself an even larger platform with his acquisition of Time Magazine two years ago. business, using venues such as the World Economic Forum in Davos, Switzerland, to champion causes and burnish his profile. Benioff has positioned himself as a prominent voice in U.S. The combination also brings together two of the tech industry’s highest profile CEOs-people who have made a career of taking on Silicon Valley icons. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.Īaron Tilley from the Wall Street Journal wrote : 0776 shares of Salesforce, according to a statement. ![]() Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion. ![]() Salesforce is making the biggest acquisition in its 21-year history. Salesforce will buy Slack for $27.7 billion in what will be one of the biggest deals in the software industry. ![]()
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