![]() And you look at some of the other areas where Salesforce and Microsoft are competing. Teams Salesforce doesn’t really have, or didn’t have something to compete with Teams. So Salesforce needed to compete with Microsoft. “You guys are now using this and we’re going to make it really, really friendly for you to continue to do so”. That included a user base where they could just say, “hey, here’s Microsoft teams”. Teams has been getting a lot more adoption, mainly because it’s just included in Microsoft Office, which is something that, you know, Salesforce doesn’t have at their disposal at this point. And Microsoft obviously has been ramping up Teams, especially in wake of COVID. Salesforce was in the mix at the time for the LinkedIn purchase. A few years ago, Microsoft purchased LinkedIn. So, when you look at some of the other reasons, I think the things that people are talking about a lot with regards to this acquisition are that Salesforce is competing with Microsoft on basically every front. And, he has the experience and he will do great things at Salesforce, just like he did at his previous company. Butterfield was the co-founder of Flickr before Slack. They were buying a company, but they were also buying a leader. So first and foremost, that is one of the reasons why, right. And although Stewart Butterfield will continue to run Slack for the foreseeable future, I believe at some point Benioff will be taking Stewart Butterfield and putting him in a more prominent role, at Salesforce proper. Now, if you look back at the Quip acquisition, they bought Quip, I believe not really because of Quip, but because of Brett Taylor, who was the former CTO of Facebook and has worked his way up the executive ladder, at Salesforce as well. First and foremost, I think that Salesforce bought Slack because of Stewart Butterfield. So, I think that there are a number of reasons why they did this. And it is a dominant piece of software in B2B. Huge in a couple of different ways, right? It’s costing them a ton of money. Salesforce is making a huge, huge acquisition buying Slack. ![]() So if you own Slack, you’re basically making out with $40 a share, give or take depending on what the price of Salesforce is, when this all gets said and done. The numbers worked out to $26 and 79 cents in cash and 0.0776 shares of Salesforce per share of Slack. They bought Slack for, I think it was 27, $27 billion, $27.7 billion. On the Eve of Dreamforce Benioff, Marc Benioff, and Salesforce announced that Salesforce would be acquiring Slack, which was really one of the great tech startup stories of the past decade. So that’s what we’re going to do for the next few minutes. Why did Salesforce buy Slack? I think that there is a lot to talk about here. For those of you joining us on Facebook, welcome. For those of you who are joining us on LinkedIn, welcome. ![]() Hey, we are live talking about Salesforce and Slack. ![]()
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