The VC investors who stand to benefit most when Salesforce buys Slack

  • After Slack went public last year, a few of the VCs who funded it when it was a private startup held onto a chunk of their shares.
  • And they will be rewarded handsomely now that Salesforce has agreed to pay a premium and buy Slack for $27.7 billion.
  • The investors who stand to benefit include Chamath Palihapitiya and Accel’s Andrew Braccia.
  • Visit Business Insider’s homepage for more stories.

Salesforce chief Marc Benioff has called his company and Slack “a match made in heaven.”

And if Salesforce’s purchase of the popular work-chat app for $27.7 billion passes regulatory muster, their union should make some major Slack investors very happy and über rich.

Many of them are the kinds of institutional investors that often own large chunks of newly public tech companies, such as T.Row Price, Vanguard, and BlackRock. 

But a number of them are VCs who first bought in when Slack

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Salesforce buys Slack for $27.7 billion in cloud company’s largest deal

Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Kim Kulish | Corbis News | Getty Images

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.

The purchase marks one of the largest ever for the software industry. The biggest was IBM’s $34 billion purchase of Red Hat in 2018, followed by Microsoft’s $27 billion acquisition of LinkedIn in 2016. Last year, the London Stock Exchange agreed to buy data provider Refinitiv for $27

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Facebook Buys Online Customer Service Startup Kustomer

Facebook on Monday announced it is buying a startup specializing in helping businesses interact with customers online.

The acquisition of five-year-old Kustomer comes as the leading social network continues to weave e-commerce into offerings, particularly its WhatsApp and Messenger messaging services.

More than 175 million people contact businesses via WhatsApp daily, and the number is growing, according to WhatsApp chief operating officer Matt Idema and Facebook vice president of business products Dan Levy.

“With our complementary capabilities, we will be able to help more people benefit from customer service that is faster, richer and available whenever and however they need it — via phone, email, text, web chat or messaging,” Kustomer chief executive Brad Birnbaum said of uniting with Facebook.

“In particular, we look forward to enhancing the messaging experience which is one of the fastest growing ways for people and businesses to engage.”

The acquisition of five-year-old Kustomer comes as Facebook continues to weave e-commerce into offerings, particularly its WhatsApp and Messenger messaging services The acquisition of five-year-old Kustomer comes

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Facebook Buys Customer-Service Software Maker Kustomer

(Bloomberg) — Facebook Inc. has acquired Kustomer Inc., a New York-based software company that helps businesses manage customer conversations from multiple services on one dashboard.



a wooden cutting board: The logo for Facebook is displayed on a smartphone in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Oct. 7, 2020. Facebook Inc. is tightening its rules on content concerning the U.S. presidential election next month, including instituting a temporary ban on political ads when voting ends, as it braces for a contentious night that may not end with a definitive winner.


© Bloomberg
The logo for Facebook is displayed on a smartphone in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Oct. 7, 2020. Facebook Inc. is tightening its rules on content concerning the U.S. presidential election next month, including instituting a temporary ban on political ads when voting ends, as it braces for a contentious night that may not end with a definitive winner.

The deal was valued at more than $1 billion, said a person familiar with the deal who asked not to be identified because the terms were private.

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The social media giant made the deal to bolster efforts to monetize its messaging business, which is expanding to include customer-service products that help companies interact with people

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George Soros buys a stake in big data firm Palantir

By Paul R. La Monica | CNN Business

Two heavy hitters of the investment world recently bought stakes in Palantir, the secretive and controversial big data firm backed by Peter Thiel that began trading on Wall Street in September.

Soros Fund Management, run by billionaire investor and philanthropist George Soros, and Third Point, the firm led by occasional activist investor Dan Loeb, both disclosed late Friday that they own shares of Palantir.

Soros Fund Management acquired 18.5 million shares of Palantir while Third Point took a more modest position of 2.4 million shares.

The Soros investment was worth about $175.3 million, according to a filing with the Securities and Exchange Commission. That works out to a purchase price of $9.50 a share. Palantir’s stock is currently trading at just under $16 a share, so the Soros stake is now valued at about $294 million.

Palantir went public through a direct

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George Soros buys stake in big data giant Palantir

Two heavy hitters of the investment world recently bought stakes in Palantir, the secretive and controversial big data firm backed by Peter Thiel that began trading on Wall Street in September.



George Soros wearing a suit and tie: Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 23, 2020 in Davos, eastern Switzerland. (Photo by Fabrice Coffrini/AFP/Getty Images)


© Fabrice Coffrini/AFP/Getty Images
Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 23, 2020 in Davos, eastern Switzerland. (Photo by Fabrice Coffrini/AFP/Getty Images)

Soros Fund Management, run by billionaire investor and philanthropist George Soros, and Third Point, the firm led by occasional activist investor Dan Loeb, both disclosed late Friday that they own shares of Palantir.

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Soros Fund Management acquired 18.5 million shares of Palantir while Third Point took a more modest position of 2.4 million shares.

The Soros investment was worth about $175.3 million, according to a filing with the Securities and Exchange Commission. That works out to a purchase price

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Reliance buys majority stake in furniture retailer Urban Ladder

CHENNAI (Reuters) – Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market.

The Indian conglomerate is expanding its so-called new commerce venture, which ties neighbourhood stores to Reliance for online deliveries of groceries, apparel and electronics in a space currently dominated by Walmart Inc’s Flipkart and Amazon.com Inc’s Indian arm.

“The aforesaid investment will further enable the group’s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group,” Reliance said in a filing to exchanges on Sunday.

Reliance Retail Ventures Limited, a unit of Reliance Industries, has an option of buying the remaining stake, the company said, adding that it intends to invest a further 750 million rupees by December 2023.

Reliance Industries, controlled by Asia’s richest

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