Slack CEO Stewart Butterfield poses for photos outside the New York Stock Exchange before his company's IPO, Thursday, June 20, 2019.
Richard Drew/Associated Press
Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported
Salesforce.com is in talks to acquire the workspace-communications company.
Such a deal would likely value Slack at more than the $17 billion market cap it held before shares jumped.
There's no guarantee the talks will lead to a takeover, and Salesforce could target another company for an acquisition, sources familiar with the matter told Dow Jones.
Salesforce shares slid as much as 4% on the news.
Watch Slack trade live here.
Slack leaped as much as 32% on Wednesday following reports of a potential acquisition by
Salesforce.com.The corporate-software company is
in talks to buy Slack, Dow Jones reported Wednesday, citing people familiar with the matter. Such a deal would likely value Slack at more than the $17 billion market cap it boasted before shares spiked higher. The acquisition would also be Salesforce's largest yet.Still, there's no guarantee a deal will be reached, and Salesforce could target another company for a takeover, according to the report.Read more:
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