Salesforce × Slack Acquisition

Salesforce is a cloud-based software company founded by former Oracle executive Marc Benioff in February 1999, which grew to becomea leader in the customer relationship management and marketing software space. Slack was founded ten years later and grew into the leading channel-based messaging platform for businesses, used by millions to align their teams and unify their systems. On December 1, 2020, Slack and Salesforce announced an agreement for Salesforce to acquire the company, marking one of the most significant tech acquisitions at that time. The acquisition was completed on July 21, 2021. Under the terms of the agreement, Slack shareholders received $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforces common stock on November 30, 2020.