Salesforce announced purchase of Slack for $ 27.7 billion

Salesforce announced purchase of Slack for $ 27.7 billion

Investing.com — Salesforce software developer will buy Slack — the owner of the corporate messenger of the same name, writes The Wall Street Journal. The company will be worth $ 27.7 billion, and this is the largest Salesforce purchase in its history..

The deal is expected to close in the second quarter of the next Salesforce financial year, that is, from May to July 2021. Under its terms, Slack shareholders will receive $ 26.79 billion in cash and 0.0776 Salesforce common shares for each Slack share..

>> Slack shares soar nearly 40% on news of possible takeover

As a result of the deal, Salesforce is expected to strengthen its position in competition with Microsoft, which develops its own messenger Team, and Google, which has Hangouts. Together, the companies will create the most extensive open ecosystem of applications and workflows for business, specified in Salesforce.

The first news of a possible deal between Slack and Salesforce emerged last week. During this time, Slack shares are up 47%. At the same time, Salesforce quotes sank by almost 10%.

The text was prepared by Yana Shebalina

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