In buying Slack, Salesforce now controls all three layers of the modern tech stack (i.e. Pros - The reasons Slack is a critical acquisition for Salesforce Was it worth it? Did Salesforce pay too much? Here's my take on the pros and cons of the deal. Salesforce's acquisition of Slack this week for $27.7B is a blockbuster that both the tech community and Wall Street have been dissecting since its announcement on Tuesday. Julia La Roche is a correspondent for Yahoo Finance.

Shares of Salesforce are up 7.9% year-to-date. Shares of Salesforce were last trading up 0.14%, or 34 cents, near $240.45 in the pre-market. Every business-in every industry-has to optimize for a digital-first customer, employee, and partner experience,' the company said in its announcement. 'Headquarters are no longer on Madison Avenue or Main Street-they are in the cloud.

Last week, the Department of Justice told the company it closed its antitrust investigation of the deal, giving the green light for the transaction's close.Īs companies debate the future of work post-COVID, Salesforce said companies learned last year that 'if you don't have a digital way to connect with your employees, customers, and partners, you don't have much of a chance of surviving.' In December, Salesforce signed a definitive agreement to acquire the popular messaging software platform Slack Technologies in a cash and stock deal worth $27.7 billion, making it Salesforce's largest-ever acquisition. I could not be more excited for what's to come,' Butterfield added. 'Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. Slack's co-founder and CEO Stewart Butterfield, who will continue to lead the company, called the deal 'a once-in-a-generation opportunity to rethink and reshape how and where we work.' 'Together we'll define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere,' Salesforce CEO Marc Benioff said in a statement. Software giant Salesforce ( CRM) officially closed on its $27.7 billion record acquisition of messaging app Slack Technologies ( WORK) on Wednesday, as the company bets big on a digital work-from-anywhere future.

Slack acquisition price