The Wall Street Journal previously reported Salesforce and Slack were in advanced deal talks. The deal is almost twice as large as Salesforce’s largest acquisition so far and would turn the combined company into a more formidable competitor to Microsoft Corp. Salesforce, the CRM powerhouse that recently surpassed 20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a 27.7 billion megadeal. The cash-and-stock deal, announced Tuesday, is the biggest move yet by Salesforce Chief Executive Marc Benioff, a pioneer in selling subscriptions for software run on remote servers, to turn the company he co-founded 21 years ago into a broad-reaching powerhouse in tech tools for businesses. in a $27.7 billion deal that shows how the biggest players in cloud computing are racing to add muscle amid the pandemic’s remote-work boom. agreed to buy messaging company Slack Technologies Inc. ![]() Photo: Michael Bucher for The Wall Street Journal (Originally published Oct. Slack CEO Stewart Butterfield talks to The Wall Street Journal about the challenges of building a startup, the downsides of running a private company and his favorite computer game.
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