Salesforce Negotiates to Acquire Slack Causing Shares to Skyrocket

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Salesforce on Spending Spree

Salesforce has enjoyed an acquisition spree, leveraging its market cap growth in the past few years to acquire growing companies. In 2018, Salesforce bought MuleSoft for $6.5 billion. That was the company’s largest deal ever at the time. The MuleSoft acquisition aimed at connecting cloud applications. MuleSoft software connects data stored in the company’s data centers and data hosted elsewhere.

What About Microsoft?

Microsoft is already a competitor of Salesforce in software for tracking customers. TechCrunch reported in 2016 that Microsoft was considering the purchase of Slack for up to $8 billion, but no deal was struck. A few month later, Microsoft introduced the Teams communication app.

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Carpenter Wellington PLLC

Carpenter Wellington PLLC

Ryan Carpenter serves as Attorney and Managing Director of Carpenter Wellington. Ryan advises clients across a broad set of corporate and commercial matters.