Salesforce acquires work chat app Slack for $27B
SAN FRANCISCO (UPI) -- Cloud computing company Salesforce acquired workplace chat app Slack in an agreement announced by the two companies Tuesday. Salesforce agreed to pay $27.7 billion for Slack, with Slack shareholders receiving $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share. The valuation was based on the closing price of Salesforce's common stock on Monday. Marc Benioff, chair and CEO of Salesforce, praised Slack CEO and co-founder Stewart Butterfield for building "one of […]
