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Slack Technologies to be acquired by Salesforce

Miguel A. Rodriguez
Miguel A. Rodriguez
26 noviembre 2020
Slack stocks surged after the news

According to the latest rumors, a new deal could be in sight.  

Salesforce – one of the latest S&P 500 additions is in talks to buy Slack Technologies. So far, details about the possible deal haven't been made public, but when the news hit the market, Slack's market cap surged to over $20 billion.

This won't be Salesforce's first acquisition, as in the past couple of years, it spent more than $21 billion to purchase two companies. In 2018 it bought MuleSoft for $6.5 billion, and in 2019 it paid $15.3 billion on Tableau – a company specialized in data visualization.

However, Slack's deal could be among the largest in the industry and could rank the company next to IBM, Microsoft, and Facebook.

According to the Wall Street Journal, the deal could be announced as soon as next week.

Following the news, Slack share price jumped roughly 38%, while those of Salesforce plunged more than 5%.







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel comenzó su destacada carrera profesional en reputadas instituciones financieras como el Banco Santander y el Banco Central-Hispano. Es autor de importantes libros sobre trading en el mercado de divisas.