10/13/2023 0 Comments Slack acquisition price![]() ![]() ![]() Marc Benioff, billionaire and co-founder and chief executive officer of, believes the acquisition is a major coup in its battle with Microsoft. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers. The acquisition announced on Tuesday (Wednesday AEDT) is by far the largest in the 21-year history of Salesforce. ![]() The MoFo deal team was led by San Francisco Technology Transactions partner Tessa Schwartz and of counsel Justin Haan, Palo Alto Privacy partner Christine Lyon, San Francisco Technology Transactions associates Brianna Liang Velasco and Alex Siegel, New York Privacy associate Cecillia Xie, and Palo Alto Privacy associate Eleanor Anthony.įor more information, read Salesforce’s press release.Business software pioneer is buying work-chatting service Slack for $US27.7 billion ($37.6 billion) in a deal aimed at giving the two companies a better shot at competing against long-time industry powerhouse Microsoft. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. 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 November 30, 2020.Ĭombining Slack, the most innovative enterprise communications platform, with Salesforce Customer 360 will be transformative for customers and the industry. The two companies announced on Decemthat they have entered into a definitive agreement under which Salesforce will acquire Slack. Morrison & Foerster is advising Salesforce (NYSE: CRM), the global leader in CRM, on the intellectual property, privacy and regulatory aspects associated with the company’s recently announced deal with Slack Technologies, Inc. ![]()
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