7 days ago • Posted by William Ramstein

Bye bye DoJ, Hello Slack + Salesforce merger

Slack Technologies, Inc WORK 0.34% announced the Department of Justice had closed its investigation into Salesforce.com Inc’s CRM 1.12% acquisition of the company, paving the way for the deal to close sometime during the second quarter of Salesforce’s fiscal 2022 year. The acquisition, announced back in December 2020 valued at $27.7 billion, had been in the hands of the DOJ’s antitrust division, which required additional information and documents regarding the deal. Slack’s stock made a new all-time high of $55.22 and on Tuesday continued momentum pushed the stock up into blue skies. The move marked a break of a tight sideways pattern, between $39.62 and $44.99, Slack had been trading in since Nov. 30, 2020. Source: Benzinga