Salesforce buying work-chat service Slack for $27.7 billion

SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.

The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.

Salesforce’s flamboyant founder and CEO Marc Benioff hailed the “cloud computing” concept as the wave of the future to much derision initially.

But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes

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Salesforce is considering buying messaging app Slack: WSJ

Salesforce held talks to buy the workplace messaging app Slack, The Wall Street Journal reported on Wednesday.

The WSJ later updated the story to say Salesforce is in advanced talks with Slack, and that a deal could be announced within days, potentially by the time Salesforce reports its quarterly earnings on Tuesday.

There is no guarantee that the talks will lead to an acquisition, the report said, but a deal would signal a more aggressive foray into office communication for the cloud giant. Salesforce has two communication and collaboration tools, Chatter and Quip, which can be used in tandem with its customer-management-focused tools.

The move would represent Salesforce’s largest acquisition in its history, as Slack’s market capitalization was at about $17 billion before the report and the acquisition price would likely be higher. Slack’s stock surged as much as 32% on the news, while Salesforce shares were down about 3.5%.

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How social media influence 71% consumer buying decisions

30-second summary:

  • Due to the rise of online shopping and the amount of time people spend on social media, social media impacts consumer buying decisions.
  • Consumers who are influenced by social media are four times more likely to spend more on purchases.
  • There are four ways in which social media has a direct influence on purchase decisions.
  • Social media and online shopping shortened the customer journey.
  • Social media amplified the impact of social proof or word-of-mouth.
  • Social media influencer marketing is one of the most effective ways to reach your audience.
  • Stories and ephemeral content are a new way to connect to your audience.
  • Every social media platform is different and can be useful for different goals.

A large share of purchases are made online nowadays and in 2020 this number has grown significantly thanks to the lockdown. As the number of internet users increases and tech companies develop more

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BuzzFeed buying HuffPost from Verizon for undisclosed price

BuzzFeed is buying HuffPost from Verizon as part of a bigger deal that has the wireless giant investing in the digital-media company.

BuzzFeed and Verizon did not disclose terms of the deal. Verizon will be a minority shareholder in BuzzFeed and the two companies will partner on content and ads.

A downturn in advertising due to the pandemic has hurt both traditional and digital-only media organizations, resulting in layoffs and furloughs. Digital newsrooms had been consolidating even before the pandemic, including Vox’s purchase of New York Magazine and its digital arms. Facebook and Google get the majority of digital-ad dollars.

Verizon came to own HuffPost, co-founded by Arianna Huffington, through its acquisition of AOL in 2015. The country’s biggest wireless provider also bought Yahoo in 2017 in an attempt to build a digital media business that could challenge Facebook. That Verizon Media business, which also includes tech blogs TechCrunch and

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BuzzFeed is buying HuffPost in Verizon Media stock deal

The move will unite two major players in digital media. As the Journal reported, under the deal, the companies will syndicate content from each other and jointly seek advertising opportunities. The conglomerate will be run by BuzzFeed founder and chief executive Jonah Peretti, who cofounded the first iteration of HuffPost in 2005.

But according to a tweet from a BuzzFeed News staffer, “BuzzFeed and HuffPost will remain separate news organizations,” with HuffPost keeping its own website, social media channels, and app. HuffPost will also have its own editor-in-chief, who will report to BuzzFeed News editor-in-chief Mark Schoofs.

“I will weigh in on major strategy decisions, but I will not be involved in or focused on daily editorial decisions at HuffPost,” Schoofs said in an email cited by the staffer.

Verizon Media will get a minority stake in BuzzFeed as a result of the deal and will make a separate, undisclosed

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Trump allies are reportedly considering buying out Newsmax to build a strong competitor to Fox News



Donald Trump wearing a suit and tie looking at the camera: President Donald Trump. Getty


© Getty
President Donald Trump. Getty

  • Allies to President Donald Trump are exploring the possibility of acquiring and investing in conservative outlet Newsmax to set up a competitor to the Fox News Channel, the Wall Street Journal reported.
  • There are ongoing discussions between Newsmax and Hicks Equity Partners, an investment firm connected to the Republican National Committee.
  • CNN reported that Fox News viewers have been navigating over to Newsmax after the network declared Biden was the winner. 
  • Visit Business Insider’s homepage for more stories.

Allies to President Donald Trump are exploring the possibility of acquiring and investing in conservative outlet Newsmax to set up a competitor to the Fox News Channel, the Wall Street Journal reported.

There are ongoing discussions between Newsmax and Hicks Equity Partners, an investment firm connected to the Republican National Committee, according to the Journal. The deal would include a video-streaming service. 

Media pundits believe

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Are PS5 Consoles In Short Supply? Gamers Face Battle Buying Sony’s New System

KEY POINTS

  • Retailers such as Target are out of stock
  • The system goes for $499, but is $100 cheaper for a digital-only package
  • Sony didn’t stock shore shelves with PS5s because of the pandemic

Gamers on Thursday got their chance to snatch up the latest iteration from PlayStation but supply-chain issues and the pandemic are making it tough to buy.

Sony announced last week its PlayStation5 would be available to the general public on Nov. 12, and a week later in some regions — just not in stores. Pre-orders were available and some Twitter users suggested they were walking out of stores under the watchful eye of the unfortunate.

“What a year,” Jim Ryan, the president and CEO of Sony Interactive Entertainment, said in a statement Wednesday.

In announcing the launch plans last week, the company said that in the interest of keeping people safe during the pandemic, sales would

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Demon’s Souls PS5 Buying Guide: Grab A Copy On Launch Day

It’s PS5 launch day, and if you’re still looking to pick up a game or two, you can still, one of the biggest launch games is in stock at multiple retailers. The Demon’s Souls remake has arrived alongside the PS5. It displays in 4K at 60fps, and if you want, you can snag the Digital Deluxe edition, which includes a number of armor sets, weapons, and more.

With the dawn of the next generation comes what looks like a new standard for game prices. Many next-gen titles feature a $70 price tag. This applies to Demon’s Souls as well, so you’ll need to spend a little extra than you’re used to if you want to play the game on PS5.

If you order the standard edition of Demon’s Souls from Amazon, Best Buy, or Walmart, you should be able to start playing by Saturday. Depending on your location, Amazon even

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Most of you wouldn’t rule out buying an Arm computer

apple macbook air arm

Microsoft revealed its Windows on Arm initiative back in 2017, which brought full-fledged Windows 10 to laptops powered by Snapdragon Arm processors. The initiative has slowly been gaining steam since then, with numerous brands launching Windows on Arm laptops.

Arm-powered computing took a major step up this week when Apple revealed its first Mac computers powered by its in-house Apple Silicon. These chips are based on Arm architecture too and, much like Windows on Arm laptops, Apple is promising major efficiency gains as a result.

All of these developments got us wondering whether Android Authority readers would buy an Arm-powered computer. This is what you told us.

Would you buy an Arm-powered computer?

Results

We posted the poll on November 10 2020, and 1,252 votes were cast. Just over 29% of respondents noted that they’d buy an

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Will Under Armour’s Recent Gains Be A Buying Opportunity?

Under Armour’s stock (NYSE: UA) is up a massive 24% in the last one month, significantly outperforming the broader market which barely moved during this period. What is Under Armour doing right? Though sales are down significantly this year, earnings were a positive surprise driven by better than expected footwear revenue – especially the workout gear. But as the markets start normalizing, can Under Armour’s stock momentum continue? We look at historical stock movement, relative valuation, and the trend in the underlying financials, and conclude that Under Armour could be a good investment right now.

Past stock movement pattern: Our AI engine analyzes past patterns in stock movements to predict near term behavior for a given level of movement

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