WORK - Salesforce.com Deal to Buy Slack Reportedly to Be Announced on Tuesday
The latest high-profile deal in the tech sector could be officially announced in less than 24 hours. CNBC reported on Monday the hot buyout rumor of the moment -- that salesforce.com (NYSE: CRM) is acquiring Slack (NYSE: WORK) -- will likely be confirmed after market close on Tuesday.
Citing an undefined number of sources, CNBC added that the price of the deal will come at a premium -- perhaps even a considerable one -- to Slack's recent share price. It also seems as if it is to be accomplished in a mix of cash and salesforce stock, roughly at even levels.
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Salesforce.com Deal to Buy Slack Reportedly to Be Announced on Tuesday