Slack Technologies to be acquired by Salesforce

By: Miguel A. Rodriguez

14:48, 26 November 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%.


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.