Shack shares will skyrocket to 38% when reporting a potential Salesforce purchase


Slack was released in June 2019.

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Salesforce.com Inc. is in advanced negotiations to acquire Slack Technologies Inc., people in the case say a deal that would unite the business software giant with a noisy rookie on a mission to exchange office emails.

Companies could agree within days – probably by the time Salesforce reports its third-quarter financial results on Tuesday, some people said. Laza MUNKA,
+ 37.59%,
with a market value of more than $ 17 billion on Wednesday morning, Salesforce had the largest acquisition ever. There is no guarantee that companies will reach an agreement.

Salesforce CRM,
-5.37%
is the world’s largest software vendor that companies use to manage their customer relationships. Launched 21 years ago and led by co-founder Marc Benioff, he has pioneered providing software in the cloud with a subscription rather than costly pre-installation. Benioff, president and CEO, one of the top executives in Silicon Valley, burned that status with the acquisition of Time magazine.

Salesforce has a market value of about $ 230 billion after years of big profits, and its rich stock price — which trades nearly 100 times last year’s profits — gives the company valuable currency to buy.

An expanded version of the report will be available at WSJ.com.

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