“Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. 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…” Read the full press release here.
Source: Salesforce Signs Definitive Agreement to Acquire Slack – December 1, 2020. Salesforce.
Salesforce was recently named to the updated list of NXT UP firms poised to make big waves in the Federal sector in 2020 and for years to come.