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Slack went public in June 2019.
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Salesforce.com Inc. is in advanced talks to buy Slack Technologies Inc., according to people familiar with the matter, a deal that would unite a business software giant with a spirited newcomer with a mission to replace office email. .
Companies could reach a deal in days, perhaps before Salesforce releases its third quarter financial results on Tuesday, some people said. Slow work,
with a market value of over $ 17 billion as of Wednesday morning, it would be the largest acquisition ever made by Salesforce. There is no guarantee that companies will reach an agreement.
Salesforce CRM,
is the world’s largest vendor of software that companies use to manage customer relationships. Started 21 years ago and run by co-founder Marc Benioff, it was a pioneer in delivering software via the cloud via a subscription rather than a costly initial installation. Benioff, president and CEO, is one of Silicon Valley’s most high-profile executives, a status he polished with his purchase of Time magazine.
Salesforce has a market value of around $ 230 billion after years of great earnings, and its rich stock price, which is trading at nearly 100 times its profits over the past year, gives the company a valuable currency to use for acquisitions.
An extended version of this report is displayed on WSJ.com.
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