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

Slack was released in June 2019.

Getty Images 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,
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

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