Skip to main content

Market Overview

Slack's Stock Spikes On Salesforce M&A Report

Slack's Stock Spikes On Salesforce M&A Report

Slack Technologies (NYSE: WORK) shares spiked higher on Wednesday after a report emerged that (NYSE: CRM) is in talks to acquire the company.

What Happened: Salesforce has recently been in talks to buy Slack, according to Dow Jones, and the deal that would mark a big move by the corporate-software maker into office communications.

Why It Matters: If the acquisition goes ahead this would be Salesforce's largest acquisition ever. Slack's current market capitalization is estimated to be at $16.876 billion.

Price Action: Slack shares were trading up 22.18% at $36.14 at the time of publication. The stock has a 52-week high of $40.07 and a 52-week low of $15.10.

Related Links:

Josh Brown Predicts Year-End Market Melt-Up, Bets On Reopening Stocks

Slack Reports Q2 Sales Beat, Paid Customer Growth Up 30%


Related Articles (WORK)

View Comments and Join the Discussion!

Posted-In: M&A News Top Stories Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at