Salesforce Buying Slack for $27.7 Billion

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Slack has become a major part of our work lives for many of us in 2020. Now cloud computing giant Salesforce is set to buy a workplace chat app for $27.7 billion, The Verge reported.

Slack has transformed from a fast-rising startup formed as a gaming company in 2009 into a major competitor of Microsoft with more than 12 million daily active users as of October of last year (and likely many more now, though the company has not disclosed concrete numbers) and a market value of close to $25 billion. The company, led by Flickr co-creator Butterfield, started primarily as an email alternative that pitched itself to startups, media companies, and other tech-savvy businesses to better manage interoffice communication. But Butterfield and his team grew Slack into a full productivity suite with video meeting features, file hosting, IT administration, and all manner of other features typically offered by large enterprise corporations.

Check It Out: Salesforce Buying Slack for $27.7 Billion

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