![]() That's what Mark Benioff has said about the companies merger. That includes the markets, consumer habits, work dynamics, and pretty much everything in-between. So, what has changed? In all fairness, the year 2020 has changed everything quite a bit. Slack was getting listed for public trading in the New York Stock Exchange, and its CEO, Stewart Butterfield, expressed that he would prefer the company to stay independent in its journey. Tableau was the analytics company they acquired for more than $15 billion only last year.Īnd suppose you go back a little longer, also about a year ago. He said that those were not Salesforce's plans at the moment.įour months later, he just closed the biggest acquisition of Salesforce history, almost doubling the previous biggest one, and in the midst of a pandemic. Mostly, if you go back to August this year, when Salesforce's founder and CEO, Mark Benioff, stated that it wasn't a good time for mergers and acquisitions. Let's talk about it in this Company Forensics. Who brings what to the table in such a merger? Is it a win or a loss for Slack? Is it an offensive or defensive move from Salesforce in a market where Microsoft seems to be the ultimate boss? Six months later, this deal confirms that it's worth $7.7 more billion now. The valuation back then was at around $20 billion. We already made a video about Slack's valuation back in July this year, when it was already among the fastest-growing tech companies ever. It's also more than what Facebook paid for Whatsapp and Instagram, combined. That's more than what Microsoft paid for LinkedIn in 2016. ![]() Salesforce, the customer relations management company, just got Slack for itself for a good $27.7 billion. A few days ago, one of the largest acquisitions in the history of software companies was announced.
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