Slack Shares Halted On Reports Of Salesforce Buyout Talks

Slack Shares Halted On Reports Of Salesforce Buyout Talks

Tyler Durden

Wed, 11/25/2020 – 11:47

Slack shares soared Wednesday, forcing a halt during an already abbreviated session, on news that software as a service pioneer and newly minted Dow 30 member Salesforce has held talks to buy the messaging/workflow company.

As Slack shares soared, the joke was on the Twitter bulls who had held out hope that Salesforce might buy Twitter instead. Any deal, according to CNBC, would likely value Slack at more than its current market capitalization of $17 billion and represent Salesforce’s largest acquisition ever. There is no guarantee the talks will lead to a deal, however.

Slack shares were halted after soaring 7% higher.

While shares of Salesforce slumped, dragging the Dow lower.

via ZeroHedge News https://ift.tt/3q3DwiL Tyler Durden

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