Naturally, the acquisition also positions Salesforce better against Microsoft, especially with the clear message from businesses that remote work is here to stay. Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at … Thirdly, the acquisition will bring a massive number of global customers to Salesforce. Cramer on Salesforce: Cramer shared his thoughts on Salesforce and the stock falling off after announcing its $27 billion acquisition of Slack. Salesforce's $27.7 billion acquisition of Slack makes perfect sense, but Marc Benioff's grand vision is going to have to survive a reality check Matt Weinberger 2020-12-05T13:50:00Z Interestingly, in March 2016, Microsoft founder Bill Gates and CEO Satya Nadella reportedly talked other Microsoft executives out of an $8 billion bid for Slack. "This acquisition makes sense on paper. The Salesforce C.E.O.’s planned acquisition of Slack will have him competing directly with the Goliath that is Microsoft. While Slack may replace in Salesforce customer accounts, this move will not erode Microsoft Teams penetration -- in and outside of Salesforce accounts. Have you heard about salesforce’s latest acquisition?. Salesforce is reportedly in “advanced talks” with Slack over a potential acquisition — a deal that would be a good fit for both organizations, according to analysts. Have you heard about the latest merger: Salesforce acquisition? The acquisition sets up a showdown with Microsoft and its Teams platform over the future of collaboration and digital work. An acquisition of Salesforce could have cemented Microsoft's cloud business. Slack users have cited performance issues and reported its video conferencing solution is unstable. Messaging service Slack was facing fierce competition from Microsoft in regard to its office chat and productivity platforms, whereas Salesforce was competing with the multinational technology company in the cloud sector. Slack is Salesforce's third big acquisition target in the past two years. Salesforce Eyes Slack Acquisition To Escalate Fight With Microsoft: Report. The deal was considered far more likely since Microsoft CEO Satya Nadella took control 18 months ago. The acquisition of Slack gives Salesforce a major boost in the enterprise communication space and this combination is expected to give strong competition to Microsoft. Slack is being acquired by salesforce.com. The acquisition of Slack will also enable Salesforce to counter steps Microsoft has already taken to integrate Microsoft Teams more broadly across its portfolio of SaaS applications. Salesforce has announced its intent to acquire Slack for an estimated $27.7 billion in a deal that would fuse two of Microsoft's biggest rivals in the business applications space. With the acquisition, the Salesforce and Slack combine is looking at giving better competition to the longtime industry behemoth Microsoft which has its … In this post, we analyze every angle of this deal from the perspective of the three companies it impacts most of all — Salesforce, Slack, and most of all, Microsoft. Microsoft faces a new competitive challenge in collaboration software. Have you heard the latest Slack news?. Salesforce Customer 360 will be integrated with Slack. Salesforce.com Inc.'s CRM, -0.22% acquisition of Slack Technologies Inc. WORK, -0.19% would be a major challenge to Microsoft Corp. MSFT, +1.30%, one analyst said Wednesday, following a … Salesforce stock has climbed nearly 40 percent this year, valuing the company at $220 billion. 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