Deals
Five Reasons Why an Amazon-Slack Deal Could Make Sense
The corporate chatroom startup is said to have received recent inquiries about a potential takeover.
This article is for subscribers only.
Any tech giant that sells enterprise software has reason to keep its eye on popular workplace chat service Slack Technologies Inc. And now the looks might be getting serious: the San Francisco startup is drawing interest as a potential takeover target from several buyers, including Amazon.com Inc., at a price of at least $9 billion, Bloomberg reported Wednesday.
At that price, buying Slack would be Amazon's biggest acquisition -- Slackquisition if you will -- in its history. What would Amazon get for its carefully doled-out money? And why might Slack -- which was last valued by investors at $3.8 billion -- agree to sell? The attraction could be in workplace messaging and communication.