

The acquisition of Slack would increase competition between Salesforce and Microsoft in the software provider space. Last year it announced the purchase of data visualisation firm Tableau in a $15.7bn deal, which followed the 2018 acquisition of MuleSoft in $6.5bn. Should it go through, the Slack acquisition would be the latest in a number of multibillion-dollar Salesforce deals to snap up major players in the software industry. Spokespeople from both Salesforce and Slack would not comment on the matter.

While the terms of the deal are not public, Slack’s market value soared to more than $20bn after The Wall Street Journal’s original report.

Sources familiar with negotiations said that while there is no guarantee that a deal could be agreed, it could be Salesforce’s largest ever acquisition. According to The Wall Street Journal, Salesforce is in advanced talks to buy Slack with a deal potentially closed in the next few days before Salesforce reveals its latest earnings report. One of the most familiar remote-working tools of the Covid-19 era could soon have a new owner. A deal for Salesforce to buy Slack could be imminent, with expectations it would be a record acquisition deal for a software company purchase.
