![]() Julia La Roche is a correspondent for Yahoo Finance. Shareholders will get 26.79 in cash and 0.0776 shares of Salesforce stock in exchange for each share of Slack, according to Tuesday’s deal announcement. Shares of Salesforce are up 7.9% year-to-date. 4:07 PM EST Outage Shows Why Slack and Peloton Matter More Than You Think The work messaging and exercise platforms have become a social lifeline for many. Shares of Salesforce were last trading up 0.14%, or 34 cents, near $240.45 in the pre-market. Slack share, investors are to receive 26.78 as well as 0.0776 of a share of Salesforce representing a 55 premium to Slack’s price Nov. Every business-in every industry-has to optimize for a digital-first customer, employee, and partner experience," the company said in its announcement. "Headquarters are no longer on Madison Avenue or Main Street-they are in the cloud. Last week, the Department of Justice told the company it closed its antitrust investigation of the deal, giving the green light for the transaction's close.Īs companies debate the future of work post-COVID, Salesforce said companies learned last year that "if you don't have a digital way to connect with your employees, customers, and partners, you don't have much of a chance of surviving." In December, Salesforce signed a definitive agreement to acquire the popular messaging software platform Slack Technologies in a cash and stock deal worth $27.7 billion, making it Salesforce's largest-ever acquisition. markets open in 5 hours 5 minutes S&P Futures 4,566.00 +6.75(+0.15) Dow Futures 35,627.00 +139.00(+0.39) Nasdaq Futures 16,055.00 +31.25(+0.20) Russell 2000 Futures. The company has a market cap of 933 M USD and a P/E ratio of 25. The stock price of Slack Technologies, Inc. I could not be more excited for what's to come," Butterfield added. (WORK) is a software company that offers Slack, a team communication tool. It provides engineering, sales, marketing. "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. develops and publishes real-time collaboration applications and platforms.
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