WORK - Slack Technologies gains on reports of Salesforce getting closer to deal completion

NYCstock/iStock Editorial via Getty Images Slack Technologies (WORK) rose 1.1% on reports that Salesforce's (CRM) planned acquisition may getting closer to completion. Earlier it was reported that Slack canceled pricing and reference data subscription service for user log-ins, as it noted that it won't need the service as it will use Salesforce credentials, according to a CTFN report. That suggests the parties likely believe the deal is nearing completion. CTFN also reported last week that the team at the Dept. of Justice that has been evaluating the deal hasn't added additional resources to its review. One source told CTFN that DOJ's review was "non-problematic." Separately, there was also a report today that the DOJ is expected to clear the transaction by month's end, according to traders, who heard about the report. In late May Salesforce CFO Amy Weaver said on the company's earnings conference call that the company expected the deal to

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Slack Technologies gains on reports of Salesforce getting closer to deal completion