Salesforce Acquires Slack, Revolutionizing Enterprise Software and Work Culture

In a significant move that is set to transform the future of enterprise software, Salesforce has announced its acquisition of Slack Technologies Inc., the leading enterprise communications platform. The deal, valued at approximately $27.7 billion, will see Slack shareholders receive a mix of cash and Salesforce common stock for each share held.

According to Stewart Butterfield, Slack CEO and Co-Founder, the opportunity presented by this partnership is massive. 'As software plays an increasingly 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,' he said.

Stewart Butterfield's sentiments were echoed by Marc Benioff, Chair and CEO of Salesforce, who praised Slack as 'one of the most beloved platforms in enterprise software history.' The combination of Salesforce and Slack will create an operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world.

Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each share held. The acquisition is expected to close following regulatory approval and other customary closing conditions.

The combination of Salesforce Customer 360 with Slack is set to be transformative for customers and the industry as a whole. By combining the #1 CRM platform with the most innovative enterprise communications platform, companies will have access to a powerful toolset that enables seamless communication, collaboration, and customer engagement.

In conclusion, the acquisition of Slack by Salesforce marks an exciting new chapter in the history of both companies. As they work together to shape the future of enterprise software, one thing is clear - this partnership has the potential to revolutionize the way we work and do business in the all-digital world.

Slack stock chart