Slack Shares Halted After Reports Of Salesforce Buyout Talks Tyler Durden Wed, 11/25/2020 - 11:47 Slack shares soared Wednesday, forcing a halt during an already abbreviated session, on news that software as a service pioneer and newly minted Dow 30 member Salesforce has held talks to buy the messaging/workflow company. BREAKING: Salesforce has recently been in talks to buy Slack Technologies, Dow Jones reports.https://twitter.com/search?q=%24WORK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); halted for volatility after spiking 7%. https://t.co/6a0CZFlnp1 pic.twitter.com/TfzV9tBzAW — CNBC Now (@CNBCnow) https://twitter.com/CNBCnow/status/1331638846598107137?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Any deal, according to CNBC, would likely value Slack at more than its current market capitalization of $17 billion and represent Salesforce's largest acquisition ever. There is no guarantee the talks will lead to a deal, however. Slack shares were halted after soaring 7% higher. While shares of Salesforce slumped, dragging the Dow lower. As Slack shares soared, the joke was on the Twitter bulls who had held out hope that Salesforce might buy Twitter instead. Salesforce CEO Mark Benioff took a close look at Twitter three years ago, but eventually revealed that shareholders were against such a deal. Interestingy, Benioff later revealed in his book that he slipped on a curb and sliced his leg open on his way to a meeting about securing financing for a Twitter buyout, which he took as a sign that he should listen to his advisors and abandon the deal.