Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech.
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This week: The tech mega-deal that COVID brokered
The year of the pandemic is closing with what may be remembered as the era’s signature deal. Salesforce is plunking down $27.7 billion — its largest acquisition ever — to buy Slack, the workplace collaboration platform that’s become as integral to the work-from-home lifestyle as sweatpants.
What a change a few months make: It was only in August that Salesforce CEO Marc Benioff insisted that big-ticket M&A was no longer in the cards.
- And Salesforce’s recent pattern of high-priced acquisitions, like Tableau and MuleSoft, are very clearly skewed towards assets involving data analytics and back-end cloud systems