Salesforce in talks to buy Slack: What you need to know about this potential tech deal

Shares of Slack Technologies Inc (NYSE: WORK) skyrocketed higher by nearly 40% on Wednesday after media outlets reported that industry titan Salesforce.com, inc. (NYSE: CRM) is in talks to acquire the software-as-a-service business and workplace communication tool. Deal details Media reports on Wednesday said that Salesforce and Slack held talks to combine themselves as part of a merger. The price tag on a potential deal remains unknown but investors pushed Slack’s stock north of the $20 billion valuation mark. If Salesforce has to pay an additional premium on Slack’s stock, it would mark its largest M&A deal to date. Salesforce