![]() At the effective time of the Second Merger, Merger Sub II was renamed Slack Technologies, LLC. Immediately following the First Merger, Slack merged (such second merger together with the First Merger, the “ Mergers”) with and into Merger Sub II, with Merger Sub II continuing as a wholly owned subsidiary of the Company. On the Closing Date, pursuant to the Merger Agreement, and upon the terms and subject to the conditions therein, Merger Sub I merged with and into Slack (the “ First Merger”), with Slack surviving the First Merger and continuing as a wholly owned subsidiary of the Company. (the “ Company”), Skyline Strategies I Inc., a Delaware corporation and wholly owned subsidiary of the Company (“ Merger Sub I”), Skyline Strategies II LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“ Merger Sub II”), and Slack. (“ Slack”), pursuant to that certain Agreement and Plan of Merger, dated as of December 1, 2020 (the “ Merger Agreement”), by and among, inc. ![]() ![]() On July 21, 2021 (the “ Closing Date”) the Company completed the acquisition of Slack Technologies, Inc. Completion of Acquisition or Disposition of Assets. The information provided in Item 2.03 below is incorporated by reference herein. Entry into a Material Definitive Agreement. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Name of each exchange on which registered Securities registered pursuant to Section 12(b) of the Exchange Act: Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. Salesforce spent more than US$16 billion last year in acquisitions to stay ahead of its main rivals, Oracle and SAP.įollow CMO on Twitter:, take part in the CMO conversation on LinkedIn: CMO ANZ , follow our regular updates via CMO Australia's Linkedin company page, or join us on Facebook. Salesforce annual revenue has improved against forecasts earlier in the year as the pandemic has boosted demand for its online business software that supports remote work and commerce. However, the economic fallout of the virus outbreak has forced Slack to give discount and payment concessions to many of its customers who have had to make cost cuts, the firm noted. Slack’s app has been installed about 12.6 million times so far this year, up approximately 50 per cent from the same period in 2019, according to analytics firm, Sensor Tower. After The Wall Street Journal first reported that the two companies had held deal talks., Slack Technologies shares jumped 24 per cent to US$36.58, giving the company a market capitalisation of US$21 billion, while Salesforce fell 2.7 per cent The confirmation comes ahead of Slack's quarterly earnings reports due on 9 December.
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