The Technology team advised Slack Technologies, Inc. (NYSE: WORK) on its definitive agreement under which Salesforce (NYSE: CRM) will acquire Slack. Under the terms of the agreement, Slack stockholders 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. 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.
Slack is a leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward.
Salesforce is a leading CRM that enables companies to sell, service, market and conduct commerce, from anywhere.
The Goodwin team was led by Tevia Pollard, Kathryn Weston, Lynda Galligan, Monica Patel, Andre Amorim, Paul Jin, Jim Barri, Jim Riley, Molly Brekhus, and Jacob Osborn.
For more details, read the press release.