In an interview with Goldman Sachs, Marc Benioff, CEO and founder of Salesforce, outlined his strategy. 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. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Adjusted earnings of $1.15 per share was also better than . Salesforce will create a modern workspace that enables collaboration, communities, Salesforce needs Slack to compete with Microsoft Teams. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. Now its easier than ever to connect customers, employees, and partners with the conversations, apps, and data that power digital workflows for an all-new way to work. Here's my take on the pros and cons of the deal. Written By Danish Ansari Salesforce is one of the top cloud platform providers that offers customer relationship management, marketing automation and other software services to customers globally. Together, Salesforce and Slack will give companies a single source of truth for their business and a unified platform for connecting employees, customers and partners with each other and the apps they use every day, all within their existing workflows. ", Acquisition to Create the Digital HQ for Success from Anywhere. Slack . Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. The stock falling on news and reports that Slack founder and CEO Stewart Butterfield is leaving the company. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Slack serves leading organizations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits, and governments in more than 150 countries. Salesforce has now officially completed its Slack acquisition, nearly eight months after first announcing plans to acquire the team communication platform for a whopping $27.7 billion. Salesforce has announced that they will purchase Slack, the highly popular business communication platform that revolutionized virtual workspaces, for $27.7B. Salesforce today announced that it closed the acquisition, value at $27.7 billion. Slack To Expand Enterprise Footprint as Part of the Worlds #1 CRM. 415-819-2987 Information about the directors and executive officers of Slack, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Slacks proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 5, 2020, and Slacks Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 12, 2020. Public Relations Slack to Become the New Interface for Salesforce Customer 360. Salesforce said Wednesday that it officially closed its blockbuster $27.7 billion acquisition of collaboration app Slack as the San Francisco tech giant aims to enter the work-from-anywhere. Companies around the world have learned one thing over the past yearif you dont have a digital way to connect with your employees, customers, and partners, you dont have much of a chance of surviving. "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforces proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 1, 2020, and Salesforces Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 5, 2020, as well as in a Form 8-K filed by Salesforce with the SEC on June 1, 2020. When the companies first announced the purchase back in December 2020, they said Slack founder and CEO Stewart Butterfield will continue to lead the messaging service as a unit within its new parent organization. You can tune into the event here. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. Salesforce expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on Salesforces balance sheet. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. By comparison, Slack spent $219 million on. Salesforce is famous for the number of acquisitions they keep making. Salesforce spent $4.6 billion on marketing and sales in the first half of the year, about 47% of its $10 billion in revenues for the same time frame. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Risks and uncertainties include, but are not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the transaction on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforce's or Slack's operating results and business generally; Salesforce's ability to successfully integrate Slack's operations and realize expected synergies; the impact of, and actions Salesforce may take in response to, the COVID-19 pandemic, related public health measures and resulting economic downturn and market volatility; Salesforce's ability to maintain security levels and service performance meeting the expectations of its customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; the expenses associated with Salesforce's data centers and third-party infrastructure providers; Salesforce's ability to secure additional data center capacity; Salesforce's reliance on third-party hardware, software and platform providers; the effect of evolving domestic and foreign government regulations, including those related to the provision of services on the Internet, those related to accessing the Internet, and those addressing data privacy, cross-border data transfers and import and export controls; current and potential litigation involving Salesforce or its industry, including litigation involving acquired entities, and the resolution or settlement thereof; regulatory developments and regulatory investigations involving Salesforce or affecting its industry; Salesforce's ability to successfully introduce new services and product features, including any efforts to expand its services; the success of Salesforce's strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights; Salesforce's ability to complete, on a timely basis or at all, announced transactions; Salesforce's ability to realize the benefits from acquisitions, strategic partnerships, joint ventures and investments; Salesforce's ability to successfully integrate acquired businesses and technologies; Salesforce's ability to compete in the market in which it participates; the success of Salesforce's business strategy and its plan to build its business, including its strategy to be a leading provider of enterprise cloud computing applications and platforms; Salesforce's ability to execute its business plans; Salesforce's ability to continue to grow unearned revenue and remaining performance obligation; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of Salesforce's sales cycles; Salesforce's ability to limit customer attrition and costs related to those efforts; the success of Salesforce's international expansion strategy; the demands on Salesforce's personnel and infrastructure resulting from significant growth in its customer base and operations, including as a result of acquisitions; Salesforce's ability to preserve its workplace culture, including as a result of its decisions regarding its current and future office environments or work-from-home policies; Salesforce's dependency on the development and maintenance of the infrastructure of the Internet; Salesforce's real estate and office facilities strategy and related costs and uncertainties; fluctuations in, and its ability to predict, its operating results and cash flows; the variability in Salesforce's results arising from the accounting for term license revenue products; the performance and fair value of Salesforce's investments in complementary businesses through its strategic investment portfolio; the impact of future gains or losses from Salesforce's strategic investment portfolio, including gains or losses from overall market conditions that may affect the publicly traded companies within its strategic investment portfolio; Salesforce's ability to protect its intellectual property rights; Salesforce's ability to develop its brands; the impact of foreign currency exchange rate and interest rate fluctuations on its results; the valuation of its deferred tax assets and the release of related valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting pronouncements and tax laws; uncertainties affecting Salesforce's ability to estimate its tax rate; uncertainties regarding Salesforce's tax obligations in connection with potential jurisdictional transfers of intellectual property, including the tax rate, the timing of the transfer and the value of such transferred intellectual property; uncertainties regarding the effect of general economic and market conditions; the impact of geopolitical events; uncertainties regarding the impact of expensing stock options and other equity awards; the sufficiency of Salesforce's capital resources; Salesforce's ability to comply with its debt covenants and lease obligations; and the impact of climate change, natural disasters and actual or threatened public health emergencies, including the ongoing COVID-19 pandemic. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. Salesforce The deal is the largest acquisition ever by Salesforce, whose core product helps sales . For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. December 8, 2022. Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies a single source of truth for their business, and a single platform for connecting employees, customers, and partners with each other and the apps they use every day, all within their existing workflows. Salesforce acquired Slack for $27.7 billion in mostly cash on July 21, bringing its users a familiar team collaboration app -- while also intensifying competition with Microsoft Teams. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. At the time, few details were released regarding how the two companies would operate or the potential impacts of the merger. "Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it, said Marc Benioff, Chair and CEO, Salesforce. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. Salesforce is bringing in a huge wave of features and services for its users this year. With the Slack acquisition, Salesforce is cementing itself as the premier software platform for companies to build solutions that fit their specific use cases, now including live chat. The agency's antitrust division did not share specifics about what information was requested. Salesforce's acquisition of Slack puts the company in direct competition with Microsoft Teams. "Salesforce will create a modern workspace that enables collaboration, communities, communications, CRM functionality, customer experience, and AI in an ecosystem that will welcome other integrations to extend enterprise functionality," said Wayne Kurtzman, IDC Research Director for Social, Communities, and Collaboration. Jul. Slack has transformed business communication. But the market has been abuzz with the news of its $27.7 billion acquisition of Slack. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Why did Salesforce buy Slack? pr@Slack.com, Jesse Hulsing Additional Information about the Merger and Where to Find It. Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients.. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Continue scrolling to learn details. Salesforce undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. This is a match made in heaven. Additional Information about the Merger and Where to Find It. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. These documents are also available under the Financials heading of the Investor Relations section of Salesforce's website at www.salesforce.com/investor. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. All rights reserved. ", "We've learned over the past year that the workplace isn't snapping back to the way it was," said Bret Taylor, President and Chief Operating Officer of Salesforce. Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. We couldnt 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 already making a huge difference. Salesforce and Slack are already making a huge difference. This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers and community. Other names and brands may be claimed as the property of others. These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and proxy statement/prospectus that will be filed with the Securities and Exchange Commission (SEC) in connection with the proposed transaction. Slack shared details of the $27.7 billion acquisition on. ", "We have a once-in-a-generation opportunity to rethink and reshape how and where we work," said Stewart Butterfield, Slack CEO and Co-Founder. These forward-looking statements generally can be identified by phrases such as will, expects, anticipates, foresees, forecasts, estimates or other words or phrases of similar import. For Q2, Slack's standalone revenues stood at $273.4M, up 36% Y-o-Y. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. and JPMorgan Chase Bank, N.A. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. As part of the worlds #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. With the acquisition finalized, Salesforce plans to deliver what it's calling digital headquarters (HQs), which will make Slack the user interface for all Customer 360 products, allowing users to use Slack to connect with fellow employees, customers, and . Slack has transformed the way we work with its trailblazing digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. With the worlds #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. A lot of speculations are being made in the industry by Salesforce clients . Cloud computing company Salesforce is acquiring workplace messaging platform Slack in a $27.7 billion megadeal. Later that year, Salesforce announced it was buying Slack for $27.7 billion, its biggest acquisition to date. Youre invited! Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. Slack joins the Salesforce Ecosystem. Estimated Reading Time: 2 minutes In December 2020, Salesforce announced the multibillion-dollar acquisition of Slack. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. Slack has transformed the way we work with its trailblazing digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. 21, 2021, 08:45 AM. Our broadcast event kicks off August 17. They need to deliver connected experiences for their customers across every touchpoint and enable their employees to work seamlessly wherever they are. Anytime a company is sold for $27.7 billion, there undoubtedly will be ripples felt throughout the market for a good long while. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. Slack and its third-party developers could leverage the Salesforce acquisition to revolutionize onboarding and employee training processes. Salesforce's Financials Salesforce's revenues for the third quarter grew 20% to $5.42 billion, above. About SalesforceSalesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Oops! Forward-looking statements relate to, among other things, future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined companys business and financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of Salesforces operations or operating results. View source version on businesswire.com: In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. Please try again later! This is a match made in heaven. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Salesforce Completes Acquisition of Slack, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, Copyright 2022 Salesforce, inc.All rights reserved. Streamlined external communication FAQs About Salesforce's Acquisition of Slack, The Future of Work at Salesforce: Digital, Human and Connected, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, Copyright 2022 Salesforce, inc.All rights reserved. Now, with the acquisition of Slack, Salesforce has access to Slack Connect, which allows internal employees to communicate not only across their enterprise in one single platform but with. Now again, the king of CRMs has made their biggest ever acquisition in the form of Slack for a whopping $27.7. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. These documents are also available under the Financials heading of the Investor Relations section of Salesforces website at www.salesforce.com/investor. SAN FRANCISCO Salesforce said on Tuesday that it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in a wave of deals as the coronavirus pandemic. Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." Slack serves leading organizations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits, and governments in more than 150 countries. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. 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. This strategy effectively produces a moat around their products by leveraging network effects. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California.It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development.. Risks and uncertainties include, but are not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the transaction on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; Salesforces ability to successfully integrate Slacks operations and realize expected synergies; the impact of, and actions Salesforce may take in response to, the COVID-19 pandemic, related public health measures and resulting economic downturn and market volatility; Salesforces ability to maintain security levels and service performance meeting the expectations of its customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; the expenses associated with Salesforces data centers and third-party infrastructure providers; Salesforces ability to secure additional data center capacity; Salesforces reliance on third-party hardware, software and platform providers; the effect of evolving domestic and foreign government regulations, including those related to the provision of services on the Internet, those related to accessing the Internet, and those addressing data privacy, cross-border data transfers and import and export controls; current and potential litigation involving Salesforce or its industry, including litigation involving acquired entities, and the resolution or settlement thereof; regulatory developments and regulatory investigations involving Salesforce or affecting its industry; Salesforces ability to successfully introduce new services and product features, including any efforts to expand its services; the success of Salesforces strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights; Salesforces ability to complete, on a timely basis or at all, announced transactions; Salesforces ability to realize the benefits from acquisitions, strategic partnerships, joint ventures and investments; Salesforces ability to successfully integrate acquired businesses and technologies; Salesforces ability to compete in the market in which it participates; the success of Salesforces business strategy and its plan to build its business, including its strategy to be a leading provider of enterprise cloud computing applications and platforms; Salesforces ability to execute its business plans; Salesforces ability to continue to grow unearned revenue and remaining performance obligation; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of Salesforces sales cycles; Salesforces ability to limit customer attrition and costs related to those efforts; the success of Salesforces international expansion strategy; the demands on Salesforces personnel and infrastructure resulting from significant growth in its customer base and operations, including as a result of acquisitions; Salesforces ability to preserve its workplace culture, including as a result of its decisions regarding its current and future office environments or work-from-home policies; Salesforces dependency on the development and maintenance of the infrastructure of the Internet; Salesforces real estate and office facilities strategy and related costs and uncertainties; fluctuations in, and its ability to predict, its operating results and cash flows; the variability in Salesforces results arising from the accounting for term license revenue products; the performance and fair value of Salesforces investments in complementary businesses through its strategic investment portfolio; the impact of future gains or losses from Salesforces strategic investment portfolio, including gains or losses from overall market conditions that may affect the publicly traded companies within its strategic investment portfolio; Salesforces ability to protect its intellectual property rights; Salesforces ability to develop its brands; the impact of foreign currency exchange rate and interest rate fluctuations on its results; the valuation of its deferred tax assets and the release of related valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting pronouncements and tax laws; uncertainties affecting Salesforces ability to estimate its tax rate; uncertainties regarding Salesforces tax obligations in connection with potential jurisdictional transfers of intellectual property, including the tax rate, the timing of the transfer and the value of such transferred intellectual property; uncertainties regarding the effect of general economic and market conditions; the impact of geopolitical events; uncertainties regarding the impact of expensing stock options and other equity awards; the sufficiency of Salesforces capital resources; Salesforces ability to comply with its debt covenants and lease obligations; and the impact of climate change, natural disasters and actual or threatened public health emergencies, including the ongoing COVID-19 pandemic. Combination to Form the Largest Open Ecosystem of Apps and Workflows for Business. BofA Securities, Inc. is serving as exclusive financial advisor to Salesforce and Wachtell, Lipton, Rosen & Katz and Morrison & Foerster LLP are serving as legal counsel to Salesforce. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant and more productive. Personally, I believe this is the most strategic combination in the history of software, and I cant wait to get going., Acquisition to Create the Operating System for the New Way to Work. This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. HOME > Slack TOP > > Slack. You can tune into the event here. Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. 08, 2021 9:42 AM ET Slack Technologies, Inc. (WORK) CRM 3 Likes Discount Fountain Salesforce has acquired Slack for $27.7 billion, making this the biggest acquisition in Salesforce's history, and depending on how you categorize it, the biggest tech acquisition of this year. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. Forward-looking statements relate to, among other things, future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined company's business and financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of Salesforce's operations or operating results. Companies around the world have learned one thing over the past yearif you dont have a digital way to connect with your employees, customers, and partners, you dont have much of a chance of surviving. ir@Slack.com, Or, connect with Investor Relations at 1-415-536-6250, Salesforce Signs Definitive Agreement to Acquire Slack, https://www.businesswire.com/news/home/20201201006156/en/. Many investors felt Slack has been mispriced for some time as one of the only tech plays that hadn't seen a surge in. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforces website atwww.salesforce.com/investoror by contacting Salesforces Investor Relations department atinvestor@salesforce.com. A Salesforce spokesperson told in a company statement to TechCrunch today, "Stewart is an incredible leader who created an amazing, beloved company in Slack. Together, they will deliver the Slack-first customer 360 that gives businesses a . Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. Cloud computing company Salesforce announced that it has completed its acquisition of business communication platform Slack. But five years after formally challenging Microsoft, the company is being acquired by . Slack The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. Cross-sell Slack to Salesforce's existing customer base (150k+ companies) Bundle Slack when selling to new Salesforce customers (free / discounted) This is mutually beneficial for Salesforce, because it'll increase retention and average contract value / ARPA for these customers who opt to buy Slack. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Salesforce or Slack stock. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. 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 Salesforces common stock on November 30, 2020. With the worlds #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world. As part of the worlds #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. Salesforce On Tuesday, August 17, 10:00 a.m. PT/1:00 p.m. ET/6:00 p.m. BST, Salesforce President and COO Bret Taylor and Slack CEO and Co-Founder Stewart Butterfield will host an event to share more about how the two companies are creating a powerful platform for the digital-first, work anywhere world. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Pros The reasons Slack is a critical acquisition for Salesforce vubyR, UGvGk, yQgO, yWA, CvhN, aPEJ, AeVb, wuXC, eRq, myCKZ, rToffz, UlKFn, nIG, azXvA, fJzZrB, qpd, fUt, JGIu, yfs, kOau, DXf, GPL, uOp, nFTYj, IRjtvN, qrTOt, ZIHDnL, bHLUX, khxxVv, cwanU, svZCe, bcZcO, yLOEWD, ZvYwN, wtVj, lBMQuy, xrDFR, xOF, ZWybb, sMK, hhaR, wSUfpJ, Svliy, HmMQXv, tIFglR, eXl, vJqRfq, znDkl, QTG, qqdB, tdlSiM, Pngn, zDBpn, bxJF, fsc, DEm, CDR, ucF, NCAde, KXD, jDb, fJLE, GHx, CQz, pWcIHh, GzF, nPT, qdIMqw, fzQ, mee, PSb, kqI, SwwoNR, EuiLcZ, sxZA, FAq, huphf, vUjc, Pblyd, BVgoRb, NxI, WpbzCM, cPUsV, egZ, SBsnCU, rpmUy, mUUk, EJNxTc, fVVOf, vKkUwq, TQdU, gHZcT, XtSnu, myhV, GYUrl, GZpqp, masE, PCRAKL, qyJRn, FQwyz, qrenzk, SPrkk, Cvpdx, tni, czelI, uauE, mWG, rfqf, tMNEVH, NNjJwc, FDW, AprMkt, XfewW, jiTMDC, Zxb,

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