Salesforce in talks to acquire Slack

Cloud-based software company is in talks to acquire workplace messaging app Slack as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday. Salesforce’s bid comes as Slack struggles to fully capitalize on the switch to remote working during the COVID-19 pandemic in the face of fierce competition from Microsoft’s Teams and other workplace apps.

Slack shares ended trading on Tuesday at $29.57, well below the $42 high they reached on their first day of trading last year.

Read More