• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
ABOUT
Advertise in GAT
Contact us
Monday, June 27, 2022
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
Home Business

Salesforce to buy workplace app Slack in $27.7 billion deal

Georgia Asian Times by Georgia Asian Times
December 1, 2020
in Business

MANHATTAN, NEW YORK, UNITED STATES - 2019/10/11: Salesforce Headquarters in New York City, also known as Salesforce Tower. (Photo by Erik McGregor/LightRocket via Getty Images)

Share on FacebookShare on Twitter

San Francisco, Dec 1, 2020 – Salesforce.com Inc is buying workplace messaging app Slack Technologies Inc in a $27.7 billion deal, the biggest software deal in a year the COVID-19 pandemic has forced millions of professionals across the globe to work remotely.

The deal will bolster the enterprise portfolio of Salesforce, which now hopes to provide a unified platform for businesses to connect their employees, customers and partners with each other and the apps they use.

For Slack, the deal comes as it struggles to fully capitalize on the switch to remote working during the pandemic in the face of fierce competition from Microsoft Corp’s Teams and other workplace apps.

Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, or $45.5 per share based on Salesforce’s closing price on Tuesday.

AD: High Museum of Atlanta

The offer represents a premium of 54% since the first report emerged last week about the deal talks.

Slack shares fell marginally to $43.8 in extended trading on Tuesday, while Salesforce’s stock declined nearly 4%.

“(Salesforce) shares will likely be range-bound in the short term given the large transaction, but we are believers in the benefits of this deal to CRM and see shares recovering,” Barclays analyst Raimo Lenschow said.

Separately, Salesforce reported third-quarter revenue of $5.42 billion on Tuesday, beating analysts’ estimate of $5.25 billion, according to IBES data from Refinitiv.

Salesforce also said Chief Financial Officer Mark Hawkins would retire in January, and will be replaced by Chief Legal Officer Amy Weaver. – Reuters

 

Previous Post

Georgia election official implores Trump to stop fraud rhetoric, fears ‘someone’s going to get hurt’

Next Post

Change is in the hair: Thai royalist turns rebel

Georgia Asian Times

Georgia Asian Times

Related Posts

Toyota recalls electric car for faulty wheel that may detach
Business

Toyota recalls electric car for faulty wheel that may detach

June 26, 2022
Asian American youth encounter struggles with entering the workforce
Business

Asian American youth encounter struggles with entering the workforce

June 20, 2022
Fed attacks inflation with its largest rate hike since 1994
Business

Fed attacks inflation with its largest rate hike since 1994

June 15, 2022
China’s economy grows 8.1% in 2021, slows in second half
Business

World Bank dims outlook for global economy amid Russia war

June 7, 2022
Apple offers glimpse at upcoming changes to iPhone software
Business

Apple offers glimpse at upcoming changes to iPhone software

June 7, 2022
Sen. Ossoff Meets with Key U.S.-Japan Business Leaders in Georgia
Business

Sen. Ossoff Meets with Key U.S.-Japan Business Leaders in Georgia

June 6, 2022
Next Post

Change is in the hair: Thai royalist turns rebel

Signup Free E-Newsletter

Upcoming Events

Jul 15
6:00 pm - 10:00 pm

GAT 25 Most Influential Asian Americans in Georgia-2022 Awards Gala

Sep 17
September 17 @ 11:00 am - September 18 @ 6:00 pm

JapanFest 2022

View Calendar

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most influential Asian American in Georgia Awards Gala

2022 GAT 25 Most Influential Asian Americans in Georgia

May 1, 2022
Home

Record turnout at annual GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2021

2021 GAT 25 Most Influential Asian Americans in Georgia

April 30, 2021

LINKS OF INTEREST

ATL Asian Film Festival

GAT on Facebook

  • Contact Us
  • Advertise in GAT
  • ABOUT

© 2022 Georgia Asian Times - empowered by 8SOL

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy

© 2022 Georgia Asian Times - empowered by 8SOL

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist