WSJ News Exclusive | Salesforce Is in Advanced Talks to Buy Slack Technologies
A deal would likely value Slack at more than $17 billion and mark Salesforce’s largest acquisition ever
✒ Salesforce has been acquisitive — Tableau, Mulesoft, Vlocity, ClickSoftware, etc. However, acquisitions have been getting pricey in recent years.
A considerable portion of the offer to buy Slack could be in shares such that Salesforce can use its own rich market valuation as currency for the takeover.
Salesforce’s shares have more than doubled since the pandemic, while Slack’s shares were still trading 23% below its closing price on the first day of trading last year.