Salesforce will buy Slack for $28 billion

[MisterF]

Salesforce on Tuesday afternoon said the company will pay $27.7 billion in cash and stock to buy workplace collaboration platform Slack.

Why it matters: This is the largest software merger since IBM agreed to buy Red Hat in late 2018, and it creates a cloud giant that can better compete with Microsoft.

Details: Slack shareholders will receive the equivalent of $45.86 per share, including $26.79 in cash, which represents a 55% premium to Slack's trading price before news of the pending deal leaked.

https://www.axios.com/salesforce-will-buy-slack-for-28-billion-bcc4d220-9e12-4184-9c57-c30876dd988e.html?

Analysis here

https://www.axios.com/slack-salesforce-analysis-46102ace-dc17-47c1-98b3-0e39e1fc031e.html

 

[Dark Sky]

Damn, they just took the share price to a new ATH.

 

[satyr85]

I had no idea slack is worth that much.

 

[USA282]

@MisterF what are your thoughts on Asana stock?

 

[xazoo]

Oh thats huge MisterF

 

[693840]

Oh thats huge MisterF

Bruh

 

[MisterF]

@MisterF what are your thoughts on Asana stock?

I've not played the markets for years, but very quick, first impressions are they are well funded, about half a billion behind them.
65% of revenue losses though last quarter wouldn't make me rush in with much conviction.
I'd wait to see what next quarters figures reveal before looking at them in all honesty.

 

[Holdentot_Accfarm]

Wow, big thing here.

 

[Dark Sky]

I've not played the markets for years, but very quick, first impressions are they are well funded, about half a billion behind them.
65% of revenue losses though last quarter wouldn't make me rush in with much conviction.
I'd wait to see what next quarters figures reveal before looking at them in all honesty.

Capita PLC are undervalued at the minute. They are hoping to sell their ESS software for 350-400 million to pay their debts. I feel they have been massively held down, I bought in at 24p and nearly double my money in a few month. I predict around £2-3 share price in 2022 once they start paying dividends again.

 

[dheer]

Glad to knkw. We use slack in our organization and it is really a great tool.

 

[Content Power]

I wish I’d bought some Slack stock a few months ago

 

[Hanzo_AA]

How is slack better than skype amd teams?

 

[BabyJoker]

Stonks

 

[FusedTogether]

How is slack better than skype amd teams?

If you have ever used teams you know it is worse than slack. It is constantly crashing and it is very glitchy. Skype is ok imho

 

[USA282]

How is slack better than skype amd teams?

Teams, slack and skype are very different platforms. Its like comparing apples, mangoes and oranges

 

[worldatlarge]

Dang, SalesForce has been on a roll the past few years!

They started out as a CRM platform, right? Pretty much THE most popular CRM software ever.

But they realized they can't grow if they stay in that specific niche! Now they seem to be positioning themselves to compete with Google (G Suite/Google Apps) and Microsoft (Office 365/Teams)

It'd be nice if they could offer a full suite of services; it would make Google and Microsoft re-think their pricing.

Only downside is if they come up with their own file formats. Google has its own formats (Sheets, Slides, Docs) and of course Microsoft has its own (.docx, Excel, PowerPoint)

 

[RoyalCobra777]

So J&J bought Pfizer for 17B and Salesforce bought Slack for 28B? Am I missing something? Pfizer worths way less than Slack?