Salesforce Closes USD 27.7 billion Slack acquisition, aims to connect companies via App
allowing the creation of a stronger challenger to Microsoft, the top workplace software provider whose Teams app competes with Slack for market dominance
Business software maker Salesforce closed its USD 27.7-billion (nearly INR 2,06,255 crores) purchase of Slack, a massive bet that the workplace app will become popular for collaborations within and between companies. US antitrust regulators cleared the deal this week, allowing the creation of a stronger challenger to Microsoft, the top workplace software provider whose Teams app competes with Slack for market dominance.
The merger partners hope the deal will bolster efforts to connect their joint customers to smooth out common business deals, Salesforce President Bret Taylor and Slack Chief Executive Stewart Butterfield stated in an interview on Wednesday. They also want to reduce the complexity of using hundreds of different cloud-based apps that have crept into workplaces, they added.
For example, a Slack "channel" can be created to replace all the emails, phone calls, and video conferences that might otherwise occur between a sales team doing a deal with a procurement team at another company. Thousands of apps work with Slack, so documents from third-party platforms like Google Drive can be signed in the channel with services like DocuSign.
