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Salesforce is buying Slack for $28 billion

Salesforce is buying Slack for $28 billion

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by Amelia Scott — 2 months ago in Business Ideas 2 min. read
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In one of the most famed tech acquisitions of recent years, Salesforce will buy Slack for approximately $27.7 billion. It’s Salesforce’s biggest purchase ever, and a shot in the arm for Slack, which has been facing increasing contest from platforms like Microsoft Teams and Google Chat.

Welcome into an Equity Shot about the huge, and exceptionally intriguing, Salesforce -Slack bargain, where the enterprise social business is going to probably be subsumed for the mere cost of $27.7 billion.

In the announcement post, Salesforce CEO Marc Benioff says:
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A number of this play, we acknowledge, was eliminated while the deal was presaged a few days past, but that did not stop the Equity team from having a whole lot to say about the situation. Here is a Few of the subjects we discuss:

“This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”

Meanwhile, Slack CEO Stewart Butterfield added:

“As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. Personally, I believe this is the most strategic combination in the history of software, and I can’t wait to get going.”

With people staying home throughout the coronavirus pandemic remote cloud and work tools such as Slack and Salesforce are becoming increasingly significant. The firms state that Slack will probably be”deeply incorporated into each Salesforce Cloud” and become”the interface for Salesforce Client 360.”

The move will probably assist Slack further build its presence in business markets, a place where Microsoft Teams needed something of a benefit on account of the organization’s wealth of different goods. And needless to say, Microsoft claims against Salesforce’s cloud company too. Obtaining Slack enables Salesforce to create a stronger ecosystem of software tools to drive prospective clients.

When the trade is closed, Slack is now an operating component of Salesforce and will continue to be directed by Butterfield. For much more on the buy, you may read the announcement article in the source link below.
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Here are some of the topics we discuss:

  • How big is this deal, both literally and figuratively?
  • We talk about the market reception and if the rumors correctly valued the deal
  • Does Slack deserve snaps or just a simple pat on the back?
  • What does the deal tell us about vertical SaaS tools?
  • The COVID-19 effect on remote tools

Amelia Scott

Amelia is a content manager of The Next Tech. She also includes the characteristics of her log in a fun way so readers will know what to expect from her work.

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