Office chat provider Slack before possible takeover

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According to insiders, the SAP competitor Salesforce wants to incorporate the office chat provider Slack. Corresponding talks would be held, said people familiar with the matter from the Reuters news agency. According to reports on the negotiations, Slack shares rose 24 percent yesterday, bringing the company to around $ 21 billion in the market. The paper was recently well below the record high of $ 42 last year.

The offer comes at a time when Slack, unlike many other technology groups, is having problems profiting from the digitization trend in the coronavirus crisis. Above all, the fierce competition from Microsoft’s Teams software makes it difficult for the company to acquire new business customers.

In addition, in view of the economic downturn, Slack had to grant many discounts in order not to be completely replaced by teams, which is often included in the office software package.

No details on possible purchase price

According to insiders, the cloud pioneer Salesforce sees the possible takeover as a logical extension of its portfolio. So far it is unclear what price Salesforce would put on the table for Slack. According to someone familiar with the matter, Salesforce would rather pay in cash than in stocks.

If the negotiations are successful, a deal could be announced before the release of the Slack quarterly figures on December 9th. Salesforce already gives an insight into the past quarter on December 1st. Neither Slack nor Salesforce were available for comment.



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