Friday, 26 January, 2024

Salesforce acquires Slack in a $27.7 bn megadeal

<p>CRM powerhouse&nbsp;Salesforce has acquired enterprise communication platform Slack in a $27.7 bn megadeal, slightly higher than the market valuation of $ 25 bn. The deal will have Salesforce to compete with arch-rival and sometimes partners like Microsoft, whose Teams product is a direct challenge to Slack. Slack was ripe for the acquisition as at the beginning of the year 2020 it had lost around 40% of its value since it went public.&nbsp;</p>