Business software maker Salesforce.com has closed its purchase of Slack Technologies, a massive bet that Slack’s workplace app will become popular for collaborations within and between companies.
Despite all the talk of openness, Microsoft’s new Windows 11 operating system has at least one change that hearkens back to the days of Microsoft’s own anticompetitive behaviour.
Slack Technologies rolled out a new feature on Wednesday designed to build out its e-mail replacement service called Slack Connect, but had to backtrack almost immediately after backlash over its potential for abuse.
Salesforce.com’s US$27.7-billion takeover of Slack Technologies represents co-founder Marc Benioff’s most aggressive effort yet to challenge reigning software marker Microsoft.
Salesforce.com has agreed to buy Slack Technologies for $27.7-billion in cash and stock in one of the biggest technology deals of the year.
Stop me if you’ve heard this one before. News leaks that enterprise software giant Salesforce.com is interested in acquiring a trendy tech company. Then its stock falls 5%, erasing billions of market value. Ring any bells?
Workspace messaging app developer Slack Technologies on Wednesday asked European antitrust regulators to investigate Microsoft for allegedly abusing its market dominance.
Slack posted slowing quarterly sales growth, disappointing investors who had expected a surge in demand for its workplace messaging app as companies adopt remote working tools.
A parade of initial public offerings from Silicon Valley this year has garnered a mixed reception from investors. Slack Technologies took a different route, and saw its shares soar as it went public without an IPO.
Slack Technologies is expected to be valued by investors at $16-billion to $17-billion when it lists its shares publicly next week, according to people familiar with the matter.