Daily Crunch: Salesforce buys Slack for $27.7B

Salesforce announces its acquisition of Slack, Amazon brings the Mac mini to the cloud and Google Maps gets a newsfeed. This is your Daily Crunch for December 1, 2020.
The big story: Salesforce buys Slack for $27.7B
The acquisition, which was first reported last month, is now official.
“This is a match made in heaven,” said Salesforce co-founder and CEO Marc Benioff. “Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world.”
This cash-and-stock deal should make Salesforce a more serious competitor in the enterprise communication market. It also seems that Slack (which went public last year) was an obvious target for a takeover, due to an underwhelming stock price and a net loss of $147.6 million during the two quarters ending on July 31 of this year.
The tech giants
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