WORK - Salesforce's Slack Acquisition Could be Huge or a Huge Flop
Since rumors of a deal were first leaked right before Thanksgiving, shares of salesforce.com (NYSE: CRM) are down almost 15%, while Slack Technologies (NYSE: WORK) stock has surged 43%. On the Nov. 25 edition of "The Wrap" on Motley Fool Live, host Jason Hall and Motley Fool contributors Asit Sharma and Brian Stoffel discussed the deal, which seems to be an imperfect fit for Salesforce. The catch? Salesforce has made a lot of acquisitions in its history, and they almost always work out really well.
What happens next? Does Salesforce's long history of successful acquisitions continue, or will this, its biggest buyout ever, be the one that flops? See what our experts think in the video below.
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Salesforce's Slack Acquisition Could be Huge, or a Huge Flop