NEW YORK: Cloud-based software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday .
Salesforce sees the potential acquisition as a logical extension of its enterprise offerings, the sources said. The price it was offering for Slack could not be learned, though one of the sources said Salesforce would pay cash for the deal, rather than use its stock as currency. Slack has benefited from companies relying more on information technology systems to keep their workers connected during the pandemic.
But the economic fallout of the virus outbreak has forced Slack to give discount and payment concessions to many of its customers who have had to make cost cuts.Seeking to save money, some companies have also been switching to Teams, which comes with many of Microsoft's office software packages.
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