Acquisition

Slack Technologies and Salesforce: the deal on record

Salesforce agreed in December 2020 to acquire the listed workplace messaging company Slack, offering USD 26.79 in cash plus 0.0776 Salesforce shares for each Slack share. Salesforce said the deal represented an enterprise value of approximately USD 27.7 billion. The acquisition was completed on 21 July 2021.^1,2

Timeline

1. 1 December 2020Salesforce announces a definitive agreement to acquire Slack.¹
2. 21 July 2021Salesforce completes the acquisition.²

Status now

Operates as part of Salesforce.²

Sources

1. Salesforce Investor Relations, Salesforce Signs Definitive Agreement to Acquire Slack (1 December 2020)
2. Salesforce Investor Relations, Salesforce Completes Acquisition of Slack (21 July 2021)