Great Britain

Salesforce eyeing Slack acquisition in potential $17bn deal

Enterprise software company has held talks about buying workplace messaging app Slack, the Wall Street Journal reported on Wednesday, in what could be Salesforce’s largest acquisition ever—and one of the biggest in tech history.

The deal would likely value Slack above its market capitalization of $17 billion, and the messaging company’s stock value shot up even further on the news of the potential merger.

Salesforce offers a variety of cloud-based software applications for businesses including relationship management, marketing, sales, and IT, and says over 150,000 companies use its products. The Slack acquisition could help it gain an advantage against fellow business and computing juggernaut Microsoft, which has a chat offering of its own, Teams.

If completed, a Slack deal would be the latest in a string of high-profile acquisitions from the San Francisco-based company, after it bought cloud company MuleSoft in 2018 for $6.5 billion and data visualization firm Tableau in 2019 for $15.4 billion.

The acquisition could also put them into record territory among the biggest tech deals ever, nearing IBM’s $34 billion acquisition of Red Hat and Facebook’s $19 billion WhatsApp buy.Slack was part of a slate of companies in 2019 which posted disappointing initial public offerings on the stock market, including Lyft and Uber. 

Despite it’s quick growth and large customer base, Slack reportedly still does not turn a profit, even as rival workplace software companies like Zoom cash in on the work-from-home boom during the pandemic.

Football news:

Ricard Puig: It's a pretty tough season, I'm not used to playing so little. Scoring with a header is something unreal
Khabib: I am preparing for my debut in big football. I am a free agent
Former Borussia Dortmund midfielder Grosskreutz has finished his career. The world champion is 32 years old
Marcel is considering Valverde's appointment. Ex-Barca coach does not want to go to a club that does not claim titles
Koeman on 2-0 with Elche: Barca are lucky to have ter Stegen
Flick on 4-0 with Schalke: After 2 defeats to Bayern, it was important to return stability
Ian Wright: Bruno decided. And they said he doesn't score in big matches