After several weeks of increasingly insistent rumors, it is now official and Salesforce has purchased Slack for $27.7 billion.

Under the terms of the agreement, Slack’s shareholders will receive $26.79 in cash and $0.0776 Salesforce ordinary shares for each Slack share, representing a corporate value of approximately $27.7 billion based on the closing price of Salesor’s ordinary This is by far the most important acquisition operation carried out by Salesforce.

According to the two companies, the union of Slack with Salesforce Customer 360 will transform customers and the industry. The combination will create the operating system for the new way of working, allowing companies to grow and succeed in a completely digital world.

Marc Benioff, president and CEO of Salesforce did not hide his enthusiasm: .Stewart and his team built one of the most popular platforms in the history of corporate software, with an incredible ecosystem around. This is a meeting in heaven. Together, Salesforce and Slack will shape the future of corporate software and transform the way everyone works in a completely digital world, working from anywhere. I am thrilled to welcome Slack in Salesforce once the transaction is completed.

Stewart Butterfield, CEO and co-founder of Slack, said that …Salesforce has started the cloud revolution and two decades later we are still exploiting all the possibilities it offers to transform the way we work The opportunity we see together is enormous. As software plays an increasingly critical role in the performance of each organization, we share a vision of reduced complexity, greater power and flexibility and ultimately a greater degree of organizational alignment and agility. Personally, I think this is the most strategic combination in software history and I can’t wait to get started.

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