Salesforce Has Held Talks to Buy Slack Technologies

By Cara Lombardo, Liz Hoffman and Dana Cimilluca

Salesforce.com Inc. has recently been in talks to buy Slack Technologies Inc., according to people familiar with the matter, a deal that would mark a big move by the corporate-software maker into office communications.

Any deal would likely value Slack at more than its current market capitalization of $17 billion and represent Salesforce's largest acquisition ever. There is no guarantee the talks will lead to a deal and Salesforce could ultimately settle on another target, some of the people said.

(More to come)

--Maureen Farrell contributed to this article.

Write to Cara Lombardo at cara.lombardo@wsj.com, Liz Hoffman at liz.hoffman@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com

(END) Dow Jones Newswires

November 25, 2020 11:53 ET (16:53 GMT)

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