What you need to know
Salesforce reportedly held talks to purchase communication platform Slack.
The deal could potentially be worth tens of billions of dollars.
Slack being purchased by Salesforce could help it compete more with Microsoft.
Cloud computing giant Salesforce is reportedly interested in purchasing Slack (via CNBC). A Dow Jones report states that Salesforce has been in talks with Slack and that a potential deal would "likely value Slack at more than its current market capitalization of $17 billion." The talks appear to be in early stages and are subject to change or fall through entirely.
Slack shares skyrocketed following reports of interest from Salesforce. Based on Slack's share value, the company is valued at roughly $20.8 billion. As noted by TechCrunch, Slack's share value has a tendency to fluctuate.
Salesforce has made some big purchases in recent years, including a $6.5 billion acquisi...
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