Salesforce Announces Slack Acquisition Soon

by nathanmac87

It was reported that Salesforce, a customer data management service provider, will soon announce the acquisition of business chat tool Slack.

Salesforce deal to buy Slack expected to be announced tomorrow
https://www.cnbc.com/2020/11/30/salesforce-deal-to-buy-slack-expected-to-be-announced-tomorrow.html

Slack deal would pit Salesforce against Microsoft, with Tableau acquisition as a potential blueprint --GeekWire
https://www.geekwire.com/2020/slack-deal-pit-salesforce-microsoft-tableau-acquisition-potential-blueprint/

Slack takeover could be confirmed tomorrow | TechRadar
https://www.techradar.com/news/slack-takeover-could-be-confirmed-tomorrow

On November 25, 2020, US media outlets reported that 'Salesforce is considering acquiring Slack.' The acquisition is believed to have caught the eye of Salesforce as the number of Slack users and usage time increased explosively due to the increase in demand for remote work due to the pandemic of the new coronavirus, and the official announcement was made. , Expected to take place in Salesforce's Third Quarter Financial Report on December 1, 2020.

Salesforce is considering acquisition of Slack-GIGAZINE

It's been whispered that both Slack and Salesforce are in conflict with Microsoft. Slack is in direct competition with Microsoft Teams, a tool for remote work, and in May 2020, Slack CEO Stewart Butterfield said, 'Microsoft is unhealthy about killing us.' and profess about was you had a deep-rooted rivalry to Microsoft.

While Salesforce has a strategic partnership with Microsoft, it's fiercely competing in the business tools market, and when Microsoft acquired LinkedIn in 2016, Salesforce CEO Marc Benioff violated antitrust laws against regulators. I am requesting an investigation .

Although the demand for video chat tools continues to grow due to pandemics, Slack isn't as popular as Microsoft Teams and Zoom because it doesn't feature online conferencing. If Salesforce acquires Slack, it will gain an advantage in competing with Microsoft Teams, such as by using it to direct users to other Salesforce products.

Slack's share price rose 38% after a series of acquisition reviews. Immediately after the press, the market capitalization was 17 billion dollars (about 1.77 trillion yen), but as of November 30, 2020, five days later, it exceeded 24 billion dollars (about 2.5 trillion yen), so the sale was completed. It is reported that the price of Slack at that time will be 'expensive'.