The CRM firm also reports a third-quarter … Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. Argon ONE M.2 Raspberry Pi case awarded 10 out of 10 in MagPi review. 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. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. Slack’s open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Qatalyst Partners LP and Goldman Sachs & Co LLC are serving as financial advisors to Slack. Dec. 1 (UPI) --Cloud computing company Salesforce acquired workplace chat app Slack in an agreement announced by the two companies Tuesday. Dow Jones Jumps as Apple Stock Rallies, Salesforce.com Stock Slumps Ahead of Earnings Apple led the Dow higher on Tuesday, while Salesforce moved in the opposite direction. View all news. “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. It allows businesses to purchase … The transaction is anticipated to close in the second quarter of Salesforce’s fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (“Salesforce”) and Slack Technologies, Inc. (“Slack”). Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020. and JPMorgan Chase Bank, N.A. Salesforce agreed to … FILE - In this May 16, 2019, file photo, Salesforce chairman Marc Benioff speaks during a news conference, in Indianapolis. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. That’s why in 2015, Salesforce made a commitment to equal pay for equal work. While we’re proud of the progress we’ve made on equal pay, we recognize equal pay alone is not enough. Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. Various trademarks held by their respective owners. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforce’s website at www.salesforce.com/investor or by contacting Salesforce’s Investor Relations department at investor@salesforce.com. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company’s business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. SAN FRANCISCO, Dec. 1, 2020 – Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. Other names and brands may be claimed as the property of others. View all news. Salesforce has confirmed to ABC News that the software firm is planning to eliminate jobs soon after reporting what CEO Marc Benioff called "one of the best quarters in Salesforce… Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. As part of the world’s #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. We will remain committed to leveling the playing field throughout the entire employee experience — from onboarding to ongoing employee success. Salesforce beat analysts' estimates in the quarter, but quarterly earnings guidance was soft and the financial news was overshadowed by the company's statement about acquiring Slack. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. QNAP Quad-Core 8-Bay TS-832PX NAS. Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Salesforce CEO Marc Benioff. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Salesforce’s and Slack’s respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforce’s and Slack’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. As the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate and take action on customer information across Salesforce as well as information from all of their other business apps and systems to be more productive, make smarter, faster decisions and create connected customer experiences. The Slack shares subject to the agreement represent approximately 55% of the current outstanding voting power of the Slack common stock. Support the news Salesforce Likely ... December 01, 2020. ET, up 42% year-to-date. Salesforce has held talks to acquire Slack, and a deal could be announced as soon as next week, according to a person familiar with the matter. Salesforce, Slack and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Salesforce shares fell as much as 4% on the news. Slack traded at $38.08 as of 11:55 a.m. Our culture is unique because it’s intentional, prioritized, measured, and we are constantly innovating. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. Returns as of 12/6/2020. Slack will be deeply integrated into every Salesforce Cloud. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. We talk to Ina Fried, technology correspondent for Axios, about Salesforce's intentions to buy Slack. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. ... Investors appeared to focus on another major piece of news: Salesforce agreed to … I joined Salesforce in September 2019 — just over six months ago today — and I couldn’t be more grateful. The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Salesforce expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on Salesforce’s balance sheet. ET SAN FRANCISCO — Salesforce on Tuesday said it would buy the workplace software company Slack for $27.7 billion in … December 02, 2020. The wait is over – Dreamforce will be going ahead in 2020! Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Salesforce.com, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that Salesforce or Slack may file with the SEC. Under the … Slack has transformed business communication. The forward-looking statements included in this communication are made only as of the date hereof. The Future of Work: New Salesforce Research Reveals How Organizations Should Work in a Pandemic World, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, © Copyright 2020 Salesforce.com, inc. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Raspberry Pi case awarded 10 out of 10 in MagPi review i joined Salesforce in September —! Trademarks of Slack Technologies, Inc. Salesforce Tower, 415 Mission Street, 3rd Floor, Francisco... A commitment from Citigroup Global Markets Inc., salesforce news 2020 of America,.. Advisors to Slack approximately $ 27.7 billion CA 94105, United States,. 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