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Salesforce is acquiring workplace chat app Slack for $27.7 billion

Cloud computing giant Salesforce is acquiring workplace chat app Slack, the two companies announced on Tuesday. Salesforce is paying $27.7 billion for Slack, according to the press release. “Stewart and his team have built one of the most beloved platforms in enterprise software history.”“Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Salesforce CEO Marc Benioff. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. Salesforce and Slack joining together ensures both platforms can better compete against Microsoft, Oracle, and other cloud and enterprise companies in the future.

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