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WORK - Here's Why This $27.7 Billion Acquisition by Salesforce.com Was Brilliant
Slack Technologies Inc. Class A
In early December, s alesforce.com (NYSE: CRM) announced that it would acquire workplace communication tool Slack Technologies (NYSE: WORK) for roughly $28 billion. This was by far the company's largest acquisition to date. Investor weren't impressed by the deal, sending shares to 8% in the wake of the announcement.
On this episode of Fool Live that aired on Dec. 2, 2020 "The Wrap" host Jason Hall and Fool.com contributor Danny Vena discuss the acquisition and why it's a brilliant move by Salesforce.