On Tuesday, Salesforce.com, Inc. announced that it is buying messaging platform Slack Technologies, Inc. in a deal valued at $27.7 billion.
The announcement follows last week’s reports of talks between the companies . As part of the deal, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share.
Calling the acquisition a “match made in heaven” Marc Benioff, Chair and CEO of Salesforce said, "Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. "