(Reuters) – Salesforce.com Inc has agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal, the biggest by the cloud-computing pioneer as it bets on an extended run for remote working and sharpens its rivalry with Microsoft.
The deal enables Salesforce to provide a unified platform for businesses to connect their employees, customers and partners with each other and the apps they use, bolstering its enterprise portfolio.
For Slack, the deal comes as it struggles to fully capitalize on the switch to remote working during the COVID-19 pandemic.
Slack changed workplace communications by focusing on real-time messaging that could be broken into conversations with groups assembled on the fly, a more nimble platform than email. Read more…..
Chart of the Day
Icarus TV
“Despite what you heard this morning, vast swathes of our economy remain very strong, and that includes the stay-at-home stocks,” the “Mad Money” host said.
