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CEO Marc Benioff says Salesforce's $27.7 billion acquisition of Slack brings his 'ultimate vision' for workplace collaboration to life

1 month ago   |   By Business Insider

Summary List Placement Salesforce is buying workplace chat app Slack for the huge sum of $27.7 billion and CEO Marc Benioff say that the deal is the culmination of one of his decades-long goals: To make Salesforce into a hub for productivity and collaboration for business people.
"What this is all about is the value of the social enterprise," Benioff said on a call with analysts after the announcement, "And creating this incredible idea that you have this amazing hub of productivity, of collaboration and integration and applications that now leverage all this amazing data."
Salesforce got...
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Analysts say that the $27.7 billion that Salesforce is paying for Slack is steep, but worth it for the chance to more aggressively take on Microsoft

Analysts say that the $27.7 billion that Salesforce is paying for Slack is steep, but worth it for the chance to more aggressively take on Microsoft

1 month ago   |   By Business Insider

Summary List Placement Salesforce is buying workplace messaging app Slack for a whopping $27.7 billion in its largest acquisition to-date and analysts say that while the steep price tag might cause investor concern in the short term, the deal ultimately makes sense as Salesforce looks to compete more aggressively with Microsoft.
"Strategically it makes sense long-term," Baird analyst Rob Oliver told Business Insider, "But the timing and price will give shareholders some agita."
The deal marks Salesforce's third major acquisition in the last three years, following its purchase of data...
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Salesforce acquires Slack for $27.7 billion

Salesforce acquires Slack for $27.7 billion

1 month ago   |   By Ars Technica

Enlarge / Slack is evaporating into the Salesforce cloud, you could say.
Salesforce, a cloud-services company that targets businesses, has announced that it will acquire workplace communication service Slack for $27.7 billion. The announcement follows a week of rumors and a steep bump in Slack's value on the stock market in anticipation of the deal being made official.
Neither company has yet announced in any detail what this will mean for users and customers. Salesforce is sure to include Slack in some of its broader bundles and to more tightly integrate it with its other software...
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Salesforce to buy work chat service Slack for $27.7 billion

Salesforce to buy work chat service Slack for $27.7 billion

1 month ago   |   By The Independent

Business software pioneer Salesforce
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Salesforce is acquiring business messaging firm Slack for $27.7 billion. Here's how executive pay at the $219 billion software giant compares to its acquisition target

Salesforce is acquiring business messaging firm Slack for $27.7 billion. Here's how executive pay at the $219 billion software giant compares to its acquisition target

1 month ago   |   By Business Insider

Summary List Placement Salesforce is buying workplace messaging firm Slack for $27.7 billion , the firm's largest acquisition ever. The deal combines Salesforce, a firm built around customer management software, with Slack's expertise in messaging platform services at a time when virtual collaboration has become more important than ever.
Though the two firms will soon be one, Slack and Salesforce are very different companies, and their executives are compensated differently. Let's dig into what each firm pays its leaders.
Salesforce executives are paid more than four times what Slack...
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Salesforce is buying workplace messaging app Slack for $27.7 billion in its biggest deal ever

Salesforce is buying workplace messaging app Slack for $27.7 billion in its biggest deal ever

1 month ago   |   By Business Insider

Summary List Placement Salesforce is buying workplace messaging app Slack for $27.7 billion, Salesforce announced on Tuesday. It is Salesforce's largest acquisition ever, and represents a more aggressive foray into office communication technology for the cloud giant at a time when remote work has made collaboration tools more essential.
The deal is a combination of cash and stock deal, a detail that CNBC first reported on Monday. Slack shareholders will get $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share. Slack's stock was down over 3% on the news, while...
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