Salesforce.com Inc. agreed to buy messaging company Slack Technologies Inc. in a $27.7 billion deal that shows how the biggest players in cloud computing are racing to add muscle amid the pandemic’s remote-work boom.

The cash-and-stock deal, announced Tuesday, is the biggest move yet by Salesforce Chief Executive Marc Benioff, a pioneer in selling subscriptions for software run on remote servers, to turn the company he co-founded 21 years ago into a broad-reaching powerhouse in tech tools for businesses. The deal is almost…

This post first appeared on wsj.com

You May Also Like

Brazil Wanted to Harvest the Amazon Responsibly. Illicit Loggers Axed the Plan.

CUJUBIM, Brazil—The Amata SA logging company was supposed to represent an answer…

100M shots in the first 100 days: Biden unveils Covid priorities, introduces health team

President-elect Joe Biden on Tuesday promised that his administration would oversee the…

Number of migrants crossing border hits another record, with surges in migration by nationalities once rarely seen

The number of undocumented immigrant crossings at the southwest border once again…

Sweetgreen to Make Market Debut After Upsized IPO

Sweetgreen Inc. will make its market debut Thursday, as investors consider how…