Salesforce buys Slack for $27.7 billion

Messaging app Slack will be acquired by Salesforce for $27.7 billion in what will be the software company’s biggest acquisition to date. The deal is expected to complete during the second quarter of 2021, following regulatory approval and the usual round of box-ticking.

Under the new arrangement, Slack founder and CEO Stewart Butterfield will continue to lead the messaging service, which will become an operating unit within Salesforce, the companies said. In a statement, Salesforce said that Slack would be “deeply integrated into every Salesforce Cloud,” and that Slack “would become the new interface for Salesforce Customer 360,” the company’s customer management platform.