Salesforce to acquire Slack in $27.7 billion deal

Cloud service company Salesforce on Tuesday announced that it will acquire popular workplace messaging app Slack in a deal valued at $27.7 billion.

Credit: Slack
The acquisition, announced on Tuesday, prices Slack beyond its current $25 billion market capitalization. Under the terms of the agreement, Slack shareholders will get $26.79 in cash and a 0.0776 share of Salesforce stock for each Slack share they currently hold.

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