Salesforce CEO Marc Benioff Business Insider Salesforce shares dipped as much as 10.7% on Wednesday after the company confirmed its $27.7 billion purchase of Slack and guided for its slowest revenue growth since 2009.The Slack deal's price tag reflects a 55% premium to where the firm's shares traded before news broke of the acquisition.Though Salesforce's third-quarter earnings beat estimates, its guidance for fourth-quarter revenue marked a weakening pace of year-over-year growth.Watch Salesforce trade live here.Salesforce slipped as much as 10.7% on Wednesday after confirming its acquisition of Slack and reporting soft forward guidance.The workspace-software company announced Tuesday afternoon it will buy Slack for $27.7 billion.
Salesforce Falls 11% After Confirming $27.7 Billion Slack Acquisition And Forecasting Slower Growth
bwinck@businessinsider.com (Ben Winck), Business Insider
Wed, 12/02/2020 - 8:00am
Topics: salesforce ceo marc benioff watch salesforce microsoft current-quarter eps mark hawkins zoom video covid-19 read salesforce ceo marc benioff business business insider slack november markets insider insider confirming billion acquisition slower growth company revenue cents fourth-quarter stocks guidance tuesday shares deal price news tag broke ratings year-to-date earnings charge premium year-over-year slowest wednesday buy software million estimateq4 forecasts companies income share hit
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