Slack Shares Halted After Reports Of Salesforce Buyout Talks
Slack shares soared Wednesday, forcing a halt during an already abbreviated session, on news that software as a service pioneer and newly minted Dow 30 member Salesforce has held talks to buy the messaging/workflow company.
BREAKING: Salesforce has recently been in talks to buy Slack Technologies, Dow Jones reports.$WORK halted for volatility after spiking 7%. https://t.co/6a0CZFlnp1 pic.twitter.com/TfzV9tBzAW
— CNBC Now (@CNBCnow) November 25, 2020
Slack shares were halted after soaring 7% higher.
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While shares of Salesforce slumped, dragging the Dow lower.
(Click on image to enlarge)
As Slack shares soared, the joke was on the Twitter bulls who had held out hope that Salesforce might buy Twitter instead. Salesforce CEO Mark Benioff took a close look at Twitter three years ago but eventually revealed that shareholders were against such a deal.
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