And, he has the experience and he will do great things at Salesforce, just like he did at his previous company. Butterfield was the co-founder of Flickr before Slack. They were buying a company, but they were also buying a leader. So first and foremost, that is one of the reasons why, right.

And although Stewart Butterfield will continue to run Slack for the foreseeable future, I believe at some point Benioff will be taking Stewart Butterfield and putting him in a more prominent role, at Salesforce proper. Now, if you look back at the Quip acquisition, they bought Quip, I believe not really because of Quip, but because of Brett Taylor, who was the former CTO of Facebook and has worked his way up the executive ladder, at Salesforce as well. First and foremost, I think that Salesforce bought Slack because of Stewart Butterfield. So, I think that there are a number of reasons why they did this. And it is a dominant piece of software in B2B.

Huge in a couple of different ways, right? It’s costing them a ton of money. Salesforce is making a huge, huge acquisition buying Slack. So if you own Slack, you’re basically making out with $40 a share, give or take depending on what the price of Salesforce is, when this all gets said and done.

The numbers worked out to $26 and 79 cents in cash and 0.0776 shares of Salesforce per share of Slack. They bought Slack for, I think it was 27, $27 billion, $27.7 billion. On the Eve of Dreamforce Benioff, Marc Benioff, and Salesforce announced that Salesforce would be acquiring Slack, which was really one of the great tech startup stories of the past decade. So that’s what we’re going to do for the next few minutes. Why did Salesforce buy Slack? I think that there is a lot to talk about here. For those of you joining us on Facebook, welcome. For those of you who are joining us on LinkedIn, welcome. Hey, we are live talking about Salesforce and Slack.

Salesforce buy slack