salesforce to buy slack

Salesforce To Buy Slack

What is salesforce to buy slack? Read this study to have more knowledge about this title. As a result, it can help you to learn more.

What is Salesforce To Buy Slack?

Salesforce is in talks with Slack for a possible acquisition of the company. Also, Salesforce is a software company that specializes in customer relationship management.

Slack is a team communication software platform that enables you to interact in real-time. It is for offices and teams with multiple members.

In this case, it also works with other business applications and services which are cloud-based. What’s more, it is free for use but there is a paid subscription program called “Slack Plus” that comes with additional features.

In addition, Slack has made a partnership deal with Salesforce in 2015, where they can access each other’s data. The fact that Slack is a communication platform, will be a good addition to Salesforce and they will work together in the future.

Salesforce is a software company that focuses on cloud computing and customer relationship management (CRM). It is known as the king in the CRM industry. Also, salesforce was founded in 1999 by former Oracle executives, Marc Benioff and Parker Harris. They later launched salesforce.com in 2002.

How Much is Salesforce Buying Slack?

Salesforce has been looking to invest in private companies, so this deal will be the first time it has bought a private company. The amount that salesforce is willing to pay for Slack is $8 billion. Also, the price tag is significantly less than expected.

Salesforce will buy all shares of Slack. Therefore, salesforce’s biggest shareholder, Marc Benioff will own approximately 24% of the company’s shares. Also, he will join Slack’s board of directors as an observer.

What Happens to Slack Stock if Bought by Salesforce?

This deal is said to close sometime in the fourth quarter. Also, the shares of Slack will be into salesforce stock. As a result, this will create a huge amount of demand for salesforce stock.

Salesforce shares are already trading at a new high, as investors are expecting this deal to go through. Therefore, it’s likely that the deal will be in the coming weeks.

What’s So Special about Slack?

Slack was launched in 2013 and it has grown rapidly since then. It has over 4 million daily active users, which is more than twice as many as last year.

Salesforce is looking to buy Slack before it goes public. Also, the company is at $2 billion after closing a $160 million funding round in June. Furthermore, this deal is Salesforce’s largest acquisition since it bought ExactTarget for $2.5 billion in 2013.

What is Slack’s Business Model?

Salesforce wants to buy Slack to add it to its portfolio of products. It will be a good strategic acquisition for the company. 

Slack is well-established in the team collaboration market. Also, the service is already integrated with other Salesforce products, such as Sales Cloud and Service Cloud.

Conclusion

Salesforce is set to acquire Slack. Also, the companies have started exclusive talks. It is a good strategic move for salesforce as it will add value to its portfolio of products. 

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