Slack (software)

Technology • Internet & Web
Slack bought by Salesforce for $28 billion
Slack bought by Salesforce for $28 billion
Credit: unsplash.com / Scott Webb

Salesforce has announced on Tuesday afternoon said it will pay $27.7 billion in cash and stock to buy workplace collaboration platform Slack.

All shareholders of Slack will receive a 55% premium to Slack's trading price at $45.86 per share.

Technology • Internet & Web
Slack files EU competition complaint against Microsoft
Slack files EU competition complaint against Microsoft
Credit: Illustration: Pendect, Ashley Winkler – Logo via Slack, Microsoft Teams (Creative Commons Attribution ShareAlike 4.0)

The complaint details Microsoft’s illegal and anti-competitive practice of abusing its market dominance to extinguish competition in breach of European Union competition law. Microsoft has illegally tied its Teams product into its market-dominant Office productivity suite, force installing it for millions, blocking its removal, and hiding the actual cost to enterprise customers.