Salesforce Acquires Slack in the Mighty $5 Billion Deal
Slack, a business chat service with over 10 million daily users, has been acquired by Salesforce for $5 billion. This is the largest acquisition in internet history and part of a trend for tech companies to acquire new competitors rather than develop them internally. This article discusses how Slack’s integration into Salesforce will affect its users and the future of the apps industry.
What is the Deal with Salesforce and Slack?
Salesforce officially announced that they had acquired Slack back in April for $5 billion. The companies are planning to release a combined product that will include the power of Salesforce’s marketing, customer service, and analytics with Slack’s intuitive features. We’re still waiting for the full announcement of what exactly this product will be and when we’ll see it in the wild. But at least we know it will be a powerful tool for the Salesforce community.
Why did Salesforce buy Slack?
Salesforce is a software company that creates cloud-based software solutions for businesses. The company has grown in recent years and now has over 30,000 customers in over 50 countries. Slack is another growing company that offers its own suite of services for businesses, including messaging, customer service tools, data analysis, and more. Salesforce’s mission with the acquisition is to unify its customer relationship management platform with Slack’s chat system in an effort to reduce the number of messages sent by employees during the day.
How will Slack and Salesforce work together?
The acquisition will help Salesforce grow its customer base. Salesforce will have an opportunity to give Slack’s user base access to tools that can improve their experience with the software. Slack will be able to use these tools for their own business, which should allow it to offer more. The acquisition is also a smart move for Salesforce as the company wants to expand its business. This means they will have one more platform that they can use to grow their business.
The acquisition will also help Salesforce in the short and long term, the company is not the only one adopting Slack’s buyout. As part of deal, Salesforce will stock on $8.4 billion in cash and has agreed to purchase $1 billion in Slack shares. The deal is expected to be closed by the end of the year and will also give Salesforce a majority stake in the company. This is a very important acquisition for Salesforce. It will help them get more users and it will also allow the company to expand its services. The latter can be seen as a way to make their APIs more attractive for third-party developers. Slack will also benefit from the acquisition as it will allow them to utilize all of Salesforce’s assets to power their business, further boosting their growth.
What steps should you take in light of the acquisition?
The cloud computing and CRM company will become the largest enterprise software company in the world, with over $40 billion in annual revenue. With this acquisition, Salesforce is making a bold move to enter the business messaging space and compete with Slack.
Salesforce announced they have agreed to acquire Slack, the business messaging platform. Salesforce will pay US$5 billion in stock for Slack. This is the largest deal in the digital communications industry that has ever occurred.