WORK News and Press, Slack Technologies Inc. Class A From 12/02/20

SoftBank's profitability and debt metrics have improved significantly. This is in contrast to earlier this year when the Japanese conglomerate was on the brink of a disaster. Due to changed nature of operations as an investment company now favoring equity participation over involv...

The management team at Salesforce.com announced plans to acquire Slack Technologies in a deal valued at $27.7 billion. This maneuver helps to create a more comprehensive platform for enterprises under one roof. Though Slack looks to be a pricey buy, it will likely end up being con...

Business software maker Salesforce.com (NASDAQ: CRM) is buying work-chat service Slack Technologies (NYSE: WORK) for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft (NASDAQ: MSFT). The acquisition announced ...

Wedbush Securities analyst Dan Ives weighs in on the $27.7B acquisition by Salesforce (CRM) of Slack (WORK). "The core reason for this deal in our opinion is to keep pace with the cloud behemoth in Redmond. Microsoft with its Azure/Office 365 cloud stack and Teams enterprise messaging solutio...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Mass vaccinationThe U.K. has become the first country in the world to approve the coronavirus vaccine from Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX), wh...

It's official: salesforce.com (NYSE: CRM) has formally submitted its offer to purchase remote work service Slack Technologies (NYSE: WORK) . It ends a tumultuous run for Slack stock. A high-water mark out of the gate when the company IPO'd over the summer of 2019 wasn't ever...

Total revenue of $234.5 million up 39% year-over-year Added 12,000 net new Paid Customers, up 140% year-over-year Over 520,000 connected endpoints on Slack Connect, up 240% year-over-year Slack Technologies, Inc., (NYSE: WORK) today reported financial results...

Salesforce (CRM) signs a definitive agreement to acquire Slack (WORK) in a deal with an enterprise value of about $27.7B.Each Slack shareholder will receive $26.79 in cash and 0.0776 Salesforce shares per share."Stewart and his team have built one of the most beloved platforms in en...

Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world Salesforce (NYSE: CRM), the global leader in CRM, and Slack Te...

The Dow Jones Industrial Average (DJINDICES: ^DJI) was rallying on Tuesday, although it underperformed the other major stock indices. A new COVID-19 stimulus bill worth over $900 billion was unveiled by a bipartisan group of lawmakers, perhaps increasing the chances that stimulus le...