Slack shares halted on Salesforce buyout report

Wednesday, 25. November 2020 17:52

Trading of Slack Technologies Inc.'s shares was temporarily halted on Wednesday after a report emerged claiming that Salesforce.com Inc. approached the company with a buyout offer.

The supposed acquisition negotiations were announced by the Wall Street Journal, which stated that the potential acquisition would likely value the company more than its current market capitalization.

Shares of Slack were up 24.17% at 11:59 am ET following the report, selling for $36.7500.

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Breaking the News / MD