Slack sold to business software giant for $27.7bn



a screen shot of a video game


© Reuters


Salesforce has agreed to buy workplace messaging app Slack for $27.7bn (£20bn) in what would be one of the biggest tech mergers in recent years.

Marc Benioff, boss of the business software giant, called the deal a “match made in heaven”.

He has been pushing to expand the company’s software offerings and fend off rivals such as Microsoft.

The acquisition comes as the pandemic has increased the focus on remote work and tools, like Slack, which enable it.

Tech analyst Dan Ives of Wedbush Securities called it a “now or never” purchase for Mr Benioff.

“If Salesforce wants to expand beyond its core gold mine of sales and marketing departments … this was the moment and thus represents a major shot across the bow against Microsoft,” he wrote in a note to investors after the deal was announced.

Slack, founded in 2009, has won a following with its

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Bad teams (Jets) in big markets (New York) a perfect combination for Tankathon website

Matt Hoover is a 35-year-old software engineer who lives in Chicago, and who has very much enjoyed the New York area’s recent lack of pro sports success.

But it is not primarily because of intercity rivalry. It is because of his website, “Tankathon,” which he described as “a site for fans of bad teams that are looking for a source of hope for the future.”

Hence: “The Knicks traffic, Jets, Giants, it’s been a good run in New York for me.”

Most recently, the winless Jets have provided a burst of attention, as each week journalists and fans who follow the team turn to “Tankathon” for updates on the “race” for the No. 1 overall pick in the 2021 NFL Draft.

The prize is expected to be Clemson quarterback Trevor Lawrence, and what once was a tight, multi-team battle has come down largely to the 0-11 Jets and 1-10 Jaguars.

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Hundreds of thousands of shoppers line up in huge virtual queue to get on Debenhams’ website

More than a million shoppers swamped the Debenhams website yesterday to snap up generous discounts as the department store tries to clear its stock before closing for good.

The chain has become the latest high street casualty and will be liquidated in the New Year after rescue talks with JD Sport fell through, drawing a line under 242 years of trading and jeopardising 12,000 jobs.    

Debenhams has said it will open its 124 shops with a fire sale of its stock when the national lockdown ends tomorrow. 

Handbags, shoes, boots, watches and dresses are being slashed in price by as much as 70 per cent.

The bargain bonanza has already sparked a scramble for cut-price products online, with people waiting in virtual queues to access the store’s website.

Late Tuesday night there was a 20-minute wait ‘due to exceptional demand’ with over 300,000 trying to get on to the website

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Apple sued in Europe over software update that slowed old iPhones

A consumer advocacy group is suing Apple for about €180m in four European countries for allegedly duping users into downloading updates that deliberately slowed down their iPhones.

The legal actions mirror a class action in the US that led to a proposed settlement there worth up to $500m, following allegations that Apple engineered the software updates to induce users to buy newer models. Apple agreed to the US settlement in March, admitting no wrongdoing but saying it wanted to avoid protracted litigation.

“Apple pushed updates to mask problems with the battery, knowing it would slow down phones,” said Els Bruggeman, head of policy and enforcement at Euroconsumers, the consumer advocacy group behind the new lawsuits.

European consumers, she said, “just want to be treated with the same respect that was given to consumers in the United States”.

Euroconsumers-affiliated groups are filing class action lawsuits in Belgium and Spain on Wednesday,

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Trump advocate Sidney Powell cites Ron Watkins, a central QAnon figure

Powell has claimed that a diabolical scheme backed by global communists had invisibly shifted votes with help from a mysterious computer algorithm pioneered by the long-dead Venezuelan dictator Hugo Chávez — a wild story debunked by fact-checkers as a “fantasy parade” and devoid of actual proof.

No real evidence was included in Watkins’ affidavit, either. But Watkins, who said in the affidavit that he lives in Japan, nevertheless speculated that — based on his recent reading of the Dominion software’s online user guide — it may be “within the realm of possibility” for a biased poll worker to fraudulently switch votes.

Watkins’ affidavit marks one of the first official connections between a notable player in the QAnon conspiracy universe and Trump’s muddled multistate legal campaign, which some of the president’s allies have labeled, in the words of Chris Christie, a “national embarrassment.”

But many similar Trump-QAnon overtures have already played

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Salesforce To Buy Slack In $27.7 Bn Software Megadeal

Salesforce on Tuesday announced a $27.7 billion deal to buy online collaboration firm Slack, giving the business software giant a broader array of tools as the pandemic fuels a remote work trend.

San Francisco-based Salesforce will mesh Slack messaging technology with its platform for managing marketing and sales teams.

“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 chief executive Marc Benioff said in a release.

The deal gives Salesforce the popular workplace messaging software developed by Slack which has faced increased challenges during the coronavirus pandemic from video-based services such as Zoom.

Slack co-founder and chief executive Stewart Butterfield said: “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational

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MOCA To Host New Exhibition & Extensive Miami Art Week Programming

The Museum of Contemporary Art North Miami (MOCA) will host exhibitions, virtual conversations, family programs, virtual tours and extended hours during Miami Art Week, Nov. 29-Dec. 6, 2020.

“We are pleased to safely welcome visitors to the museum for Miami Art Week 2020 by presenting a diverse range of exhibitions and virtual programming,” said MOCA Executive Director Chana Budgazad Sheldon. “MOCA is honored to host the most comprehensive survey of work by Raúl de Nieves, complemented by the exhibition, ‘Life and Spirituality in Haitian Art,’ focusing on Haitian art and paying tribute to Haiti’s rich historical, cultural, and artistic heritage.”

In-Person Exhibitions

“Life and Spirituality in Haitian Art” Selection from the Betty and Isaac Rudman Trust Collection,
On View Through March 14, 2021

“Life and Spirituality in Haitian Art” brings together a selection of paintings from Haiti created between 1940 and 1970. Featuring works by Hector Hyppolite, Philomé Obin, Rígaud

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Global Computer Aided Detection System Market 2020 Ecosystem Player Profiles, Value Chain and Industry Strategies to 2025

The MarketWatch News Department was not involved in the creation of this content.

Dec 01, 2020 (CDN Newswire via Comtex) —
Global Computer Aided Detection System Market 2020 by Company, Regions, Type and Application, Forecast to 2025 published on MarketQuest.biz provides an in-depth analysis of industry- and economy-wide database for businesses that could offer profitable development for players in this market. The report gives a detailed study of global Computer Aided Detection System market size, share, and dynamics. In this research, analysts have illustrated market trends. The report has covered major key players of the market which are also profiled on the basis of business strategies, financial weaknesses, and strengths, and recent development. The report analyzes rapidly changing market scenarios and initial and future assessment of the market. The document offers a special assessment of collaboration, partnership, acquisition, and new product launch of the major key players.

The report focuses

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Kentucky Sports Radio website sold. What does it mean for UK fans?

KentuckySportsRadio.com, a popular Lexington-based website that covers University of Kentucky sports, announced on Tuesday that it has been sold.

According to the announcement by Matt Jones, Stuart McWhorter, one of the website’s original investors and formerly a director in 247Sports, is acquiring the Kentucky site. McWhorter no longer has an investment in 247Sports, a network of websites that focuses on college football, basketball and recruiting, according to Jones.

The deal does not include the popular Kentucky Sports Radio live show or KSBar and Grille, a Lexington restaurant, according to the release.

Jones said online that the decision to give up “complete control of this company is difficult” but inevitable.

“After 15 years of running the site, I think it’s important to help it head in to the new media area and expand our coverage,” Jones said in an interview. “I thought this deal would be the best way to grow.”

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Facebook Introduces Social Good for Business Website

Facebook Introduces Social Good for Business Website

Facebook’s new Social Good for Business website
Facebook


Facebook rolled out a new Social Good for Business website Tuesday to help businesses on its platform further their social impact.

The social network said the site was designed to help businesses:

  • Build a community for a cause: Leverage native platform tools in order to have a positive impact at scale.
  • Amplify your brand and impact: Learn how to build brand awareness, sell products with a purpose and start a conversation that drives action.
  • Show up where and when it matters: Connect more deeply with communities and customers by identifying relevant moments like #GivingTuesday, Ramadan or Pride Month to amplify causes that are important to your business.

Facebook head of global business strategy and engagement Arielle Gross Samuels said in a blog post, “We’ve seen businesses of all sizes

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