After the initial rounds of rumours on the internet, Salesforce finally confirmed its acquisition of Slack, the widely used communication platform. The CRM giant acquired the latter in a €22.87B megadeal. Under the deal, Slack will have a great degree of independence to keep operating as it does but its services will be deeply integrated with the Salesforce Cloud. Here are 5 key things you need to know about the megadeal.
1# Slack acquired for €22.87B by Salesforce
The first key thing to note is the deal amount, which is a whopping €22.87B. Under the terms of the agreement, Slack shareholders are slated to receive €22.12 in cash and 0.0776 shares of Salesforce common stock for each Slack share. The transaction is expected to close by the second quarter of Salesforce’s fiscal year in 2022, subject to approval by the communication company’s stockholders, the receipt of required regulatory approvals and other customary closing conditions.