Mike Peterson
Cloud software company Salesforce has been in talks to acquire workplace communication platform Slack, according to a new report.
Shares of Slack rose more than 23% in trading Wednesday on the news, first reported by The Wall Street Journal publisher Dow Jones.
The report indicates that the deal would likely value Slack at more than its current $17 billion market cap. A deal is not guaranteed, however, and the talks could fall through.
According to CNBC, the WORK stock has been halted for volatility after it spiked in intra-day trading.
BREAKING: Salesforce has recently been in talks to buy Slack Technologies, Dow Jones reports.$WORK halted for volatility after spiking 7%. https://t.co/6a0CZFlnp1 pic.twitter.com/TfzV9tBzAW
— CNBC Now (@CNBCnow) November 25, 2020
The deal, if completed, would likely beat Salesforce's largest acquisition to date. That title is currently held by Salesforce's purchase of data company Tableau for $15.7 billion in June 2019.
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9 Comments
interesting.
Does this story have the slightest connection to Apple?
I knew Slack was too good to last.
Welp, that will certainly ruin it.
We just recently went all in on Slack...! I am weary to think what this will lead to...