8/31/2023 0 Comments Slack acquisition salesforce![]() ![]() That’s a lot of money to pay for Slack, but CRM’s shareholders are betting that Slack will be worth the cost. This deal, which was announced in late 2020, will be worth $27.7 billion. Within the next few months, Salesforce is expected to acquire Slack. The value of this type of tool is evident in the wake of the COVID-19 pandemic. Slack ( WORK) provides an online chat tool that facilitates communication between workers. So, CRM stock’s high price may be justified. Then again, price is what you pay and value is what you get. That’s another indicator that Salesforce stock isn’t cheap. Notably, CRM stock has a trailing 12-month price-to-earnings ratio of 44.54. Still, much of the damage was mitigated, with CRM stock trading near $246 on June 24. It’s difficult to sustain a vertical price move, though, so Salesforce stock was destined to cough up much of its gains.Ī virtual roller coaster ride ensued throughout the remainder of 2020 and into the first half of 2021. By early September, CRM stock reached a 52-week high of $284.50. The stock staged an impressive turnaround, however. ![]()
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