When was Slack acquired by Salesforce?
SAN FRANCISCO, July 21, 2021—Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc.
Did Slack get acquired?
Cloud computing giant Salesforce has completed its acquisition of Slack, a $27.7 billion dollar deal that adds the messaging app to its suite of enterprise software without immediately changing Slack’s functionality, branding, or leadership.
Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on 30th November 2020.
Is Slack now part of Salesforce?
“We couldn’t be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world,” said Marc Benioff, Chair and CEO of Salesforce. … “Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world.
Why is Slack named Slack?
Slack, technically, is an acronym for “Searchable Log of All Conversation & Knowledge.” But he also liked it because it was “just nice to say.” It was supposed to be a short term placeholder. It became the company’s calling card.
Is Slack a Chinese company?
Slack is a proprietary business communication platform developed by American software company Slack Technologies and owned by Salesforce from 2021.
What happens to Slack stock if bought by Salesforce?
Slack Technologies (WORK), the collaboration software firm, is the subject of a takeover bid from Salesforce (CRM). The agreement stipulates that Slack shareholders will receive $26.79 in cash and 0.0776 Salesforce shares per share of WORK owned.
Can I buy Slack stock?
In order to buy Slack stock, you’ll need a trading account with a broker that lists slack shares. Thankfully, since Slack is traded on the popular NASDAQ exchange, just about any brokerage that offers stock trading on US markets will let you buy and sell this company shares.
What happens to Slack stock after Salesforce acquisition?
Salesforce CRM -0.8% .com announced on December 1 last year that it had entered a merger agreement to buy Slack. The terms of the deal are for Slack shareholders to receive $26.79 in cash and 0.0776 Salesforce shares for each Slack share. … This is a 16.6% discount to Salesforce’s current $240.47 price.