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.
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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.
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.