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Salesforce reportedly in talks to buy Slack

Yahoo Finance Video
Updated

Salesforce has recently been in talks to buy Slack, according to Dow Jones. Yahoo Finance's Jared Blikre discusses.

Video Transcript

- Jared Blikre tracking the very latest for us. And Jared, one stock we've been watching closely in the last few minutes or so, Slack, getting a big pop, up about 16% on some news about a potential acquisition.

JARED BLIKRE: Yeah, that's right. It looks like the company has been in talks for a potential merger. And this is shooting the stock up right now, and we are tracking that.

And it is kind of a mixed market today. Some of the work-from-home trades have been working well recently, but this particular deal with Slack comes about from Salesforce. And according to CNBC, I believe it is, they have recently been in talks to buy Slack Technologies. And this is being reported, actually, by Dow Jones.

So it has been halted, and we're seeing work here, ticker work-- if I can find it on my screen. Well, it might not be on this particular screen, but nevertheless, up very sharply.