The runner-up would be Microsoft’s acquisition of LinkedIn for more than $26 billion in 2016.īenioff said Salesforce’s president, Bret Taylor, and Slack’s CEO, Stewart Butterfield, approached him with the idea for a deal. In the software industry, Salesforce’s Slack acquisition is exceeded only by IBM’s mega-purchase of cloud caretaker Red Hat for $34 billion in 2018.
It’s the central nervous system of so many companies on this call,” he said. “We see Slack as a once-in-a-generation platform and company. Marc Benioff, Salesforce’s CEO and chairman, described his own dependence on Slack’s instant messaging service for the office during an earnings call after market close on Tuesday. The company has steadily expanded into new areas, including marketing services and data analytics. The deal is the largest acquisition ever by Salesforce, whose core product helps sales teams manage their customers. Salesforce agreed on Tuesday to buy Slack for $27.7 billion, combining two powerhouses in business software.
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