Salesforce held talks to buy the workplace messaging app Slack, according to a new report from the Wall Street Journal.
There is no guarantee that the preliminary talks will lead to an acquisition, according to the report, but a deal would signal the cloud giant’s more aggressive foray into office communication. Currently, Salesforce has two communication and collaboration tools, Chatter and Quip, which can be used in tandem with its customer management-focused tools.
The move would represent Salesforce’s largest acquisition in its history, as Slack’s market capitalization was at about US$17 billion prior to the report, and the acquisition price would likely be higher. Slack’s stock surged as much as 32% on the news while Salesforce shares were down about 3.5%. Neither company was immediately available for comment.
This would also continue Salesforce’s acquisition spree of late. The customer management software provider has made two large acquisitions in the last few years: it bought data visualization company Tableau for over US$15 billion in 2019 and MuleSoft for US$6.5 billion in 2018.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI