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Salesforce announces it's buying Slack in a $27.7B deal

Salesforce, the CRM powerhouse that recently surpassed $20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a $27.7 billion megadeal.  —  Every worker at every company needs …

TechCrunch

Discussion

  • @stewart Stewart Butterfield on x
    Despite feeling like I had a decade's worth of CEOing in the last 18 months, today's news inspires a lot of excitement about the decade to come. I was told that people on the internet may have opinions, so thought I'd offer mine... (Bonus: a disclaimer) https://investor.slackhq.c…
  • @slackhq @slackhq on x
    Big news: @salesforce is acquiring Slack! 🎉 This is going to be transformative for our customers. Together, we'll deliver the operating system for the new way to work: https://slack.com/... Key info: https://investor.slackhq.com/ ...
  • @levie Aaron Levie on x
    Boom! Slack + Salesforce is huge. This move fundamentally re-orders the enterprise software landscape, giving Slack a new level of scale and creating all new opportunities across the entire ecosystem. Congrats to @Benioff and @stewart for making it happen!
  • @stewart Stewart Butterfield on x
    In the spirit of transparency, I also want to share some excerpts from our internal announcement to employees a couple of hours ago. At a personal level I've always felt a deep obligation to everyone who puts their trust in us and am determined to make you all look like geniuses.…
  • @stewart Stewart Butterfield on x
    There'll be plenty to say about this in the future, but, meantime, you can tune into tomorrow's Dreamforce keynote where I have agreed to wear pants. http://r.socialstudio.radian6.com/ ... In all seriousness: very proud of the team and looking forward to the continued opportunity…
  • @salesforce @salesforce on x
    We are thrilled to be acquiring Slack! Combining @SlackHQ with #Customer360 will be transformative, creating the operating system for the new way to work. Together, we'll enable companies to grow and succeed in the all-digital, work-from-anywhere world. https://www.salesforce.com…
  • @dhh @dhh on x
    I think its also cute how Benioff talks about what Salesforce and Slack will do “together”. What are the odds that any of the senior team is still at the latter company in 3 years? This is an acquisition. Not a merger.
  • @dhh @dhh on x
    “Ultimately, Slack was ripe for the taking.. it had lost around 40% of its value since it went public.. Toss in net losses of $147.6 million during the [last] two quarters.. and its winding path to profitability and it was a sitting target for a takeover” https://techcrunch.com/.…
  • @stewart Stewart Butterfield on x
    To all our customers around the world: our commitment to you remains unchanged. It is only our capacity to deliver that will increase. 💪 We will remain an independent & open platform. We want to be a multiplier on the value of your *entire* software investment.
  • @jbillinson Josh Billinson on x
    uhhhh do these idiots not know they can just use slack for free?? https://twitter.com/...
  • @caseynewton Casey Newton on x
    Finally, a definitive answer to the question of whether Slack will kill email https://twitter.com/...
  • @marshallk Marshall Kirkpatrick on x
    Using Slack suddenly feels a little different. https://www.techmeme.com/...
  • @mikebutcher Mike Butcher on x
    Cue some tortuous integration and a lot of great communities moving to Discord. https://techcrunch.com/...
  • @lubchansky @lubchansky on x
    28 billion dollars is like you personally spent ~40k every minute from the second you were born until the second you die. anyways that's what your chat logs are worth i guess https://twitter.com/...
  • @tenderlove Aaron Patterson on x
    I wonder if they're going to rename it to “SlackForce”
  • @caseynewton Casey Newton on x
    Salesforce is paying $28 billion for an app that people shut down when they need to get things done
  • @metaltxt Metal Dot Txt on x
    Paying 28 billion dollars for mIRC smh https://twitter.com/...
  • @duncansmithnba Duncan Smith on x
    That's crazy, I got Slack for free https://twitter.com/...
  • @benioff Marc Benioff on x
    Salesforce Growth: 2022 $25.55B (guidance) 2021 $21.1B (guidance) 2020 $17.1B 2019 $13.2B 2018 $10.5B 2017 $8.4B 2016 $6.7B 2015 $5.4B 2014 $4.1B Thank you Ohana & Welcome Slack! ❤️ https://twitter.com/...
  • @levie Aaron Levie on x
    @CaseyNewton Benioff knows that this product has to be run completely separately. The value here is not in architectural integration back into SFDC but letting Slack do its thing and be a new interface for its own software.
  • @markberman Mark Berman on x
    congrats to Salesforce on acquiring all our chat logs https://twitter.com/...
  • @axios @axios on x
    It is the largest software merger since IBM agreed to buy Red Hat in late 2018, and creates a cloud giant that can better compete with Microsoft. https://www.axios.com/...
  • @matthewstoller Matt Stoller on x
    Slack is selling because it can't compete with Microsoft's underpriced Teams product. Yet another consequence of a lack of enforcement of antitrust laws inducing mergers. #ConcentrationCreep https://twitter.com/...
  • @mgsiegler M.G. Siegler on x
    In all seriousness, huge, huge, huge congrats to @stewart @iamcal and the entire rest of the @SlackHQ team over the years. Seems like just yesterday you were a baby unicorn. To grow 28 or so horns in such a time is insanely impressive. 🦄#️⃣💪
  • @morningbrew @morningbrew on x
    “I'll Slackforce you” https://twitter.com/...
  • @chrismessina Chris Messina on x
    A $27.7B domain name acquisition. #SlackForce https://investor.salesforce.com/ ... https://twitter.com/...
  • @patrickmoorhead @patrickmoorhead on x
    Doesn't Salesforce have to buy a Zoom and invent a world-class productivity suite to compete head-to-head? Even Apple stopped going head-to-head with O365. $WORK $CRM
  • @joedmarti Joe Martin on x
    Salesforce purchasing Slack right before Dreamforce is *Chefs Kiss https://www.nytimes.com/...
  • @bdsams Brad Sams on x
    Slack sold for 28 billion. Or 28 Instagrams Or 1.01ish LinkedIns Or 3.9ish Nokia Mobile Units Or 3.6ish Bethesdas
  • @om @om on x
    Congrats @stewart @iamcal wishing you and your colleagues @SlackHQ on the journey ahead with @Benioff It was great to have watched your rise from the sidelines.
  • @wolfiechristl Wolfie Christl on x
    Salesforce is managing billions of customer records for millions of businesses. It's also a data broker, runs everything from IoT services to its app platform, and has long been used to track employee performance. Now it's finally turning into a multi-purpose enterprise sw giant.…
  • @eringriffith Erin Griffith on x
    Benioff and Butterfield are calling the Slack-Salesforce deal “a match made in heaven” and “the most strategic combination in the history of software.” But I am already looking fwd to @stewart's resignation letter in 4 years https://twitter.com/...
  • @profcarroll @profcarroll on x
    A searchable log of all communications and knowledge will cost you a pretty penny. https://twitter.com/...
  • @stilgherrian @stilgherrian on x
    Well this should improve everything. https://twitter.com/...
  • @mattyglesias Matthew Yglesias on x
    I guess I'm finally going to have to learn what it is Salesforce does https://twitter.com/...
  • @chriskeall Chris Keall on x
    As predicted by #HeraldPremium partner @FT on Nov 26. Salesforce has been among the big winners of the coronavirus pandemic due to a surge in cloud software spending. Slack is also in the cloud but has lagged vs Microsoft Teams and other rivals https://twitter.com/...
  • @alexrkonrad Alex Konrad on x
    Salesforce and Slack is official, for $28 billion. Does this make @stewart the next heir apparent to @Benioff? Or is it finally time to build that viral gaming company next 🤔 https://www.forbes.com/...
  • @stewart Stewart Butterfield on x
    I'm a little sad that we don't get to do that last earnings call because I was really looking forward to sharing these 🔥🔥🔥 results: https://www.businesswire.com/ ... But, cheesy as it may sound, @btaylor and I were focused on the “1+1=7” outcome and I believe we can pull that off…
  • @stocktwits @stocktwits on x
    Salesforce Signs Definitive Agreement to Acquire Slack for ~$27.7B “Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for 1 Slack share.” $CRM | $WORK | https://investor.salesforce.com/ ...
  • @spencerrascoff Spencer Rascoff on x
    Congrats on the megadeal, @stewart, @SlackHQ, @salesforce, @benioff. You've built an amazing company that has fundamentally changed workplace communication (RIP email), and I can't think of a better partnership to take on the challenges of remote work.
  • @danpriceseattle Dan Price on x
    In the last five years, Salesforce has bought 27 companies for tens of billions of dollars. It just bought Slack for $27.7 billion. Its stock is at record high after revenue surged 29% And it just laid off 1,000 people https://www.nytimes.com/...
  • @digiphile Alex Howard on x
    “Remote” work will shift back in 2021. But @salesforce buying @SlackHQ will set it up to compete with @Google & @microsoft to compete to provide secure, distributed, always-on* platforms for businesses, schools, & governments: https://www.protocol.com/... (*Unless your ISP goes d…
  • @nyse @nyse on x
    Congratulations to @salesforce and @SlackHQ as they combine to help companies navigate a digital world https://twitter.com/...
  • @backlon Dieter Bohn on x
    There it is. Salesforce to acquire Slack for $27.7 billion. My hunch is regulators won't stop it. https://www.theverge.com/...
  • @seldo Laurie Voss on x
    Ah well, a shame to see it end this way. https://twitter.com/...
  • @amyxzh Amy X Zhang on x
    Oh wow, it will be interesting to see how this affects the product moving forward! I still think there's so much room for design exploration in the space of group chat. https://twitter.com/...
  • @danprimack Dan Primack on x
    Slack price is 55% premium to where it traded before news first leaked.
  • @tomwarren Tom Warren on x
    Salesforce is acquiring Slack for nearly $28 billion. It's a massive deal that puts Salesforce against Microsoft in the war for workplace communications systems https://www.theverge.com/... https://twitter.com/...
  • @loudmouthjulia Julia Alexander on x
    Congrats to Slack, failed video game development company that just got bought for $27.7 billion. https://twitter.com/...