NIX Solutions: Salesforce Agrees to Purchase Slack Messenger

American software developer Salesforce will announce the purchase of corporate messenger Slack on December 1, 2020 after the market closes, CNBC writes, citing unnamed sources. Salesforce plans to report for the quarter on December 1.

According to them, the deal will be paid equally in money and shares. The company’s valuation will exceed its market capitalization of about $24 billion, the newspaper claims.

The talks between Salesforce and Slack were reported on November 25 by sources from The Wall Street Journal and Reuters. Against the background of the news, shares of the messenger soared by more than 25%, in market value from $17 billion to $20 billion. Slack and Salesforce did not comment on the possible deal.

Slack is growing amid the pandemic: in the second quarter of 2020, the company increased revenue by 49%, to $215.9 million, and reduced its loss from $359.6 million in 2019 to $73 million, NIX Solutions notes. The total number of paid Slack users reached 130 thousand, which is 30% more than a year earlier.

CNBC states the 100 deal could make Slack a “more serious competitor” to Microsoft’s Teams.