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Salesforce buys Slack in a Mega Billion Dollar Deal

We are already in the last month of the year, yet there are still a lot of surprises popping out from here and there.

December, as we know it, is the Christmas season and the best time for this year’s Spotify Wrapped. However, it is also filled with big reveals that keeps on surprising us such as the talks about the strange “monoliths”; the unveiling of the “Super Nintendo World“; this month’s Geminid Meteor Shower; Pfizer and BioNTech’s vaccine approval in the UK; and now the combination of the global leader in CRM, Salesforce, and the most innovative enterprise communications platform, Slack.

Salesforce Acquiring Slack

That’s right, Salesforce and Slack have entered into a definitive agreement wherein Salesforce will acquire Slack in a $27.7 billion deal. “Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion,” further explained by the Slack team on Tuesday, December 1, 2020.

“This is a match made in heaven,” said Marc Benioff, the Chair and CEO of Salesforce. “Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world.”

The combination of Salesforce and Slack will give companies a unified platform that connects their employees, customers and even their partners with each other and the apps they use. Slack will be integrated into Salesforce Cloud and the platform will transform how their users communicate, collaborate and take action on customer information.

“As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility,” said Stewart Butterfield, the CEO and Co-Founder of Slack. “Personally, I believe this is the most strategic combination in the history of software.”

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Source: Slack, Salesforce| Twitter

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