CRM - The Most Puzzling Thing About Salesforce's Blockbuster Slack Acquisition
Following days of speculation, salesforce.com (NYSE: CRM) formally announced earlier this week that it was acquiring Slack (NYSE: WORK) , the wildly popular enterprise messaging and collaboration platform, for a hefty $27.7 billion. That's over 75% more than Salesforce's current biggest acquisition to date: last year's purchase of Tableau for $15.7 billion. The news overshadowed an otherwise strong earnings release, as analysts and investors continue to ponder the implications of the deal and how it could alter the competitive landscape in enterprise software.
Beyond concerns that Salesforce might be overpaying, investors might also be puzzled about the deal's structure.
Image source: Salesforce.
For further details see:
The Most Puzzling Thing About Salesforce's Blockbuster Slack Acquisition