Big Law
Salesforce Acquires Slack in a $27.7 Billion Deal
Business software maker Salesforce closed its $27.7-billion (roughly Rs. 2,06,255 crores) purchase of Slack, a massive bet that the workplace app will become popular for collaborations within and between companies.
US antitrust regulators cleared the deal this week, allowing the creation of a stronger challenger to Microsoft, the top workplace software provider whose Teams app competes with Slack for market dominance.
The merger partners hope the deal will bolster efforts to connect their joint customers to smooth out common business deals, Salesforce President Bret Taylor and Slack Chief Executive Stewart Butterfield said in an interview on Wednesday.
