Salesforce buys Slack for $27.7 billion in cloud company’s largest deal

Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Kim Kulish | Corbis News | Getty Images

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.

The purchase marks one of the largest ever for the software industry. The biggest was IBM’s $34 billion purchase of Red Hat in 2018, followed by Microsoft’s $27 billion acquisition of LinkedIn in 2016. Last year, the London Stock Exchange agreed to buy data provider Refinitiv for $27

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Salesforce acquires Slack for over $27 billion, marking cloud software vendor’s largest deal ever

  • Salesforce is buying Slack using a combination of stock and cash.
  • Prior to Slack, Salesforce’s biggest deals were the $15.3 billion purchase of Tableau last year and the $6.5 billion acquisition of MuleSoft in 2018.
  • The deal pits Salesforce against Microsoft in yet another market, with the companies already going head-to-head in sales software, data visualization and productivity tools.



Marc Benioff wearing a suit and tie: Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.


© Provided by CNBC
Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

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Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in

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Salesforce to Buy Software Maker Slack for $27.7 Billion

(Bloomberg) — Salesforce.com Inc. agreed to buy Slack Technologies Inc. for $27.7 billion in cash and stock, giving the corporate software giant a popular workplace-communications platform in one of the biggest technology deals of the year.



an open laptop computer sitting on top of a table: Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com's expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.


© Bloomberg
Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com’s expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.

The transaction, Salesforce’s largest-ever acquisition, is expected to close by the end of July, the San Francisco-based company said Tuesday in a statement. Slack investors will receive $26.78 for each company share as well as 0.0776 share of Salesforce — representing a 55% premium to Slack’s price on Nov. 24, the day before reports about deal talks between the companies.

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Salesforce Chief Executive Officer Marc Benioff has orchestrated more than 60

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Salesforce Agrees to Buy Software Maker Slack for $27.7 Billion

(Bloomberg) — Salesforce.com Inc. agreed to buy Slack Technologies Inc. for $27.7 billion in cash and stock, giving the corporate software giant a popular workplace-communications platform in one of the biggest technology deals of the year.



an open laptop computer sitting on top of a table: Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com's expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.


© Bloomberg
Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com’s expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.

The transaction, Salesforce’s largest-ever acquisition, is expected to close by the end of July, the San Francisco-based company said Tuesday in a statement. Slack investors will receive $26.78 for each company share as well as 0.0776 share of Salesforce — representing a 55% premium to Slack’s price on Nov. 24, the day before reports about deal talks between the companies.

Salesforce Chief Executive Officer Marc Benioff has orchestrated more than 60 acquisitions

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Tiger Global-Backed Hospital Software Maker Olive AI Reaches $1.5 Billion Value

(Bloomberg) — An Ohio startup that helps hospitals automate routine tasks is now valued at $1.5 billion after a funding round led by Tiger Global Management.



a man standing in front of a computer: A healthcare worker uses a desktop computer in the resuscitation department of the intensive care unit (ICU) at the Saint Joseph hospital in Marseille, France, on Friday, Nov. 20, 2020. President Emmanuel Macron will present a strategy next week for the gradual ending of France's coronavirus lockdown, Le Figaro reported, citing sources it didn't identify.


© Bloomberg
A healthcare worker uses a desktop computer in the resuscitation department of the intensive care unit (ICU) at the Saint Joseph hospital in Marseille, France, on Friday, Nov. 20, 2020. President Emmanuel Macron will present a strategy next week for the gradual ending of France’s coronavirus lockdown, Le Figaro reported, citing sources it didn’t identify.

Olive AI Inc. received an investment of $228.5 million in the round, which included new investors Alphabet Inc.’s GV, Sequoia Capital, Dragoneer Investment Group and Transformation Partners. Existing investors General Catalyst and Drive Capital also joined the round.

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Columbus-based Olive has now raised $385 million in financing in the past nine months and $448 million since its inception in 2012.

The company’s software is used

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Internet Security Market is estimated to reach $64.9 billion by 2025; growing at a CAGR of 8.8% from 2020 to 2025

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

New York, United States, Sat, 28 Nov 2020 13:25:35 / Comserve Inc. / — Internet has been used for sharing information, data, and applications, among others on a high level around the world.

Global Internet Security Market is estimated to reach $64.9 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. Internet has been used for sharing information, data, and applications, among others on a high level around the world. With the high use of the Internet, cyber threats are being detected around the globe and that has high effect on systems functionality as well as business operations. Internet security solutions find usage to guard the computing systems, as well as confirm faultless implementation of activities. Various technologies used for internet security includes cryptography, authentication, access control, and content filtering. With the high

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Software Defined Data Center (SDDC) Market is estimated to reach $298 billion by 2025; growing at a CAGR of 30.4% from 2020 to 2025

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

New York, United States, Sat, 28 Nov 2020 13:01:14 / Comserve Inc. / — Software defined data center (SDDC) is referred as the data storage facility where CPU, networking storage, and security elements of infrastructure are virtualized & delivered as a service.

Global Software Defined Data Center (SDDC) Market is estimated to reach $298 billion by 2025; growing at a CAGR of 30.4% from 2017 to 2025. Software defined data center (SDDC) is referred as the data storage facility where CPU, networking storage, and security elements of infrastructure are virtualized & delivered as a service. Various network solutions of SDDC include software-defined networking (SDN), software-defined storage (SDS), and software-defined compute (SDC). End users implementing these software defined solutions comprises large enterprises, medium enterprises, and small enterprises. Owing to its cost effectiveness, it is highly adopted in numerous

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Global Digital Marketing Software Market to Reach US$146,8 Billion by the Year 2027

NEW YORK, Nov. 25, 2020 /PRNewswire/ — Amid the COVID-19 crisis, the global market for Digital Marketing Software estimated at US$55 Billion in the year 2020, is projected to reach a revised size of US$146.8 Billion by 2027, growing at a CAGR of 15.1% over the period 2020-2027.Software, one of the segments analyzed in the report, is projected to grow at a 14.4% CAGR to reach US$103.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 16.8% CAGR for the next 7-year period. This segment currently accounts for a 26.4% share of the global Digital Marketing Software market.

Read the full report: https://www.reportlinker.com/p05798364/?utm_source=PRN

The U.S. Accounts for Over 31.5% of Global Market Size in 2020, While China is Forecast to Grow at a 18.5%

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Life Science Analytics Software Market to See Record Break Revenue $16.04 billion By 2027

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

Portland, OR, Nov 25, 2020 (GLOBE NEWSWIRE via COMTEX) —
Portland, OR, Nov. 25, 2020 (GLOBE NEWSWIRE) — The global life science analytics software market garnered $5.35 billion in 2019, and is estimated to reach $16.04 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027. The report offers an extensive analysis of changing market trends, top winning strategies, drivers & opportunities, key segments, and competitive landscape.

Increase in prevalence of chronic diseases, increased demand for enhanced patient outcomes, and surge in adoption of analytics solutions in clinical trials and sales & marketing applications drive the global life science analytics software market. However, scarcity of skilled professionals in developing nations and issues related to data privacy hinder the market growth. On the other hand, advent of big data analytics to raise R&D productivity creates new

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Global Event Management Software Market to Reach US$10,3 Billion by the Year 2027

New York, Nov. 25, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Event Management Software Industry” – https://www.reportlinker.com/p05798543/?utm_source=GNW
3 Billion by 2027, growing at a CAGR of 12.1% over the period 2020-2027.Software, one of the segments analyzed in the report, is projected to grow at a 10.8% CAGR to reach US$5.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 13.6% CAGR for the next 7-year period. This segment currently accounts for a 45.8% share of the global Event Management Software market.

The U.S. Accounts for Over 34.2% of Global Market Size in 2020, While China is Forecast to Grow at a 11.6% CAGR for the Period of 2020-2027

The Event Management Software market in the U.S. is estimated at US$1.6

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