Salesforce Reportedly in 'Advanced Talks' to Buy Slack in Multi-Billion Dollar Deal

San Francisco-based Salesforce is reportedly in advanced talks to purchase Slack in a deal that can potentially reshape the future of online business communications. The deal, which could be appear as early every bit next week, is tipped to be Salesforce'southward biggest ever, surpassing the $15 billion that the company paid for Seattle'due south Tableau Software terminal twelvemonth.

Salesforce is the world'south largest provider of customer human relationship management (CRM) services and also sells enterprise application software focused on customer service, marketing automation, analytics, and application evolution. Swain Silicon Valley firm, Slack, offers an eponymous concern communication platform with multiple IRC-mode features, including persistent conversation rooms (channels) organized by topic, individual groups, and direct messaging.

According to the San Francisco Chronicle, Salesforce has over 49,000 full employees, including 9,000 in San Francisco, while Slack had 2,431 employees worldwide at the end of July. In terms of market-cap, Salesforce is worth effectually $230 billion, while the jump in Slack's stock price since the publication of the report has pushed its market value to more than $20 billion.

Slack reportedly has more than than 12 1000000 daily active users and over 119,000 paid customers, making it i of the largest players in the sector. Its biggest competitor is Microsoft, whose ain business organisation communication software, Teams, has become ane of the biggest names in the industry since its high-contour launch in 2017, crossing 115 million daily active users earlier this year.

Neither Salesforce nor Slack has issued whatsoever official statement on the affair, but the onetime is hosting its annual 'Dreamforce' conference next week, which will be virtual because of the pandemic. Information technology volition exist interesting to see if the company will announce the conquering at that outcome or if we'll have to look farther for an official confirmation.