Key details of the Salesforce and Slack Acquisition The acquisition was announced after-hours on Tuesday, setting in stone the rumours surrounding the proposed acquisition. The terms of the agreement will provide Slack shareholders $26.79 in cash and 0.0776 shares of Salesforce stock. Slack is the collaboration hub that brings the right people, information and tools together to get work done.” Why Salesforce bought them: Slack could be the silver bullet Salesforce has been looking to bolster their vision for the social enterprise. Acquisitions over the years have been iterations in Salesforce’s collaboration capabilities. Slack is being acquired by salesforce.com. Salesforce Customer 360 will be integrated with Slack. Microsoft Teams has grown rapidly, while Slack has struggled.

• Slack Acquisition Salesforce Jobs
• Salesforce Slack Acquisition Presentation

(Bloomberg) -- Salesforce.com Inc. is considering acquiring workplace chat tool Slack Technologies Inc., according to a person familiar with the matter.

Slack shares surged as much as 34% while the news weighed on Salesforce, which fell as much as 5%.

The companies have been holding talks and could announce a deal as soon as next week, the person said. A deal hasn’t been finalized and could still fall apart, the person said, asking not to be named because the matter is private.

Representatives for Salesforce and Slack couldn’t immediately be reached for comment.

The Wall Street Journal first reported on the discussions.

Acquiring Slack, which has a market valuation of almost $22 billion following reports of the talks, would be Salesforce’s biggest deal ever, according to data compiled by Bloomberg. The San Francisco-based company, led by Marc Benioff, last year acquired Tableau Software Inc. in an all-stock deal valued at $15.3 billion.

“Smart move by Benioff,” especially if he uses stock, said Anurag Rana, an analyst at Bloomberg Intelligence. Refx nexus 2 for mac free download. “It helps both Salesforce.com and Slack compete more aggressively with Microsoft.”

Slack soared to an intraday high of $39.73. The stock has fluctuated this year as the pandemic’s effect on businesses has spread to its customer base. Shares plummeted 19% in September after the company’s quarterly billings fell short of analysts’ estimates, as its small- and mid-sized business customers cut spending budgets. The San Francisco-based company went public via a direct listing in 2019.

Salesforce, which makes the U.S.’s dominant sales-tracking software, slid as much as 5.4%. It has climbed about 60% this year for a market valuation of $227 billion.

Kirk Materne, an analyst at Evercore ISI, said that Salesforce’s shares were down because this was “not the right target, nor the right time.”

“While there is some strategic rationale for this combination, we expect most investors will view the deal as a ‘reach’ in order to buy some growth” in 2021, Materne wrote in a note Wednesday.

Salesforce is hosting its annual Dreamforce conference next week, which will be virtual because of coronavirus restrictions. The event for customers, partners and employees will be a showcase for the software maker’s future products and strategy roadmap. Dreamforce is the largest software conference in the world and Benioff will give his highly anticipated keynote address on Wednesday.

(Updates with analyst quote in the 11th paragraph)

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Cloud computing pioneer Salesforce has agreed a $27.7bn (£20.6bn) deal to buy Slack, the workplace messaging app that has enjoyed a near-doubling of its market value during the COVID-19 pandemic.

Salesforce.com described the acquisition as a 'match made in heaven' as the addition of Slack enables the company to offer a unified platform for businesses to connect with staff and match rival Microsoft and its Teams product.

Slack has struggled to make the same headway, in a competitive market, during a coronavirus crisis to date that has forced the closure of offices as remote working takes the strain instead.

Microsoft, for example, has been able to capitalise on the shift through its existing corporate relationships and marketing budget.

It has also bundled Teams with many of its office software packages.

Under the deal, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share.

That is $45.5 per share, based on Salesforce's closing price on Tuesday, a premium of 54% since news of negotiations emerged a week ago.

Slack shares are 95% up in the year to date but fell back slightly in after-hours dealing in New York.

Stewart Butterfield, Slack's chief executive and co-founder, said the deal offered a 'massive' opportunity.

Slack Acquisition Salesforce Jobs

'As software plays a more and more critical role in the performance of every organisation, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organisational agility,' he told investors.

Salesforce Slack Acquisition Presentation

Marc Benioff, his counterpart at Salesforce, said: 'Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it.

'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.'