Salesforce buys Slack for 22.933 million euros

The company indicated that it has obtained the commitment of Citigroup Global Markets, Bank of America and JPMorgan Chase Bank for the granting of a credit

Salesforce, an American customer relationship management (CRM) company, has reached a definitive agreement to acquire Slack Technologies, the organization and internal communication platform for companies, for $ 27.7 billion (22,933 million euros) in cash and shares, as confirmed by the companies.

Is about the largest purchase in Salesforce history, that last year it acquired Tableau for nearly $ 14 billion in shares (€ 11.5 billion), after paying $ 6.5 billion (€ 5.38 billion) for MuleSoft in 2018.

According to the conditions agreed for the transaction, which could be completed between May and July 2021, Salesforce will pay $ 26.79 in cash and deliver 0.0776 treasury shares for each Slack security, which represents a 55% premium over Slack’s share price on Nov. 24, the last day before rumors about the deal were made public.

Salesforce plans to fund the cash portion of its offering by combining new debt and cash reserves on the balance sheet. In this sense, the company indicated that has obtained the commitment of Citigroup Global Markets, Bank of America and JPMorgan Chase Bank for the granting of a credit bridge of 10 billion dollars (8,275 million euros).

The president and CEO of Salesforce, Marc Benioff, highlighted that both companies form an ideal couple and together they can shape the future of business software, transforming the way everyone works in a fully digital world.

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