Confirming rumors from last week, Salesforce has acquired channel-based business communication platform Slack in a $27.7 billion blockbuster deal. Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share.
Salesforce’s acquisition of Slack comes at a time when remote work has skyrocketed due to the coronavirus pandemic. With Salesforce’s backing, Slack is now in a better position to compete against its primary competitor Microsoft Teams. We will have to wait to see if the Salesforce-Slack deal will convince businesses on competing platforms to switch to Salesforce for a unified experience.
