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Tech Brew Ride Home

Wed. 12/2 – A Salesforce/Slack Deal Analysis

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.71K Ratings

🗓️ 2 December 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

A full analysis of the huge Salesforce/Slack deal. What HPE leaving Silicon Valley means, even if only symbolically. Qualcomm’s new flagship Snapdragon chip. All the announcements from AWS re:Invent. A smartwatch with a 9 day battery life and putting holograms right on your mantle might finally be getting practical. Sponsors: ImPartner.com/ridehomedemo GetRoman.com/techmeme Links: Salesforce buys Slack in a $27.7B megadeal (TechCrunch) Why Salesforce bought Slack (Divinations) Hewlett Packard Enterprise is the latest tech company to leave Silicon Valley, and is moving to Houston (CNBC) Qualcomm's Snapdragon 888 is a glimpse into how much better your next Android phone will be (CNET) Amazon to roll out tools to monitor factory workers and machines (Financial Times) Techmeme Snapshot of re:Invent headlines Wyze announces $20 smartwatch with nine-day battery life (The Verge) Looking Glass’s next product is a holographic digital photo frame (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Right Home for Wednesday, December 2nd, 2020.

0:08.1

I'm Brian McCullough.

0:09.1

Today, a full analysis of the huge Salesforce Slack tie up. What HPE leaving Silicon Valley means, even if only symbolically,

0:18.6

Qualcomm's new flagship Snap Dragon ship, all the announcements from AWS Reinvent.

0:23.7

A smart watch with a nine-day battery life and putting holograms right on your mantle

0:27.7

might finally be getting practical.

0:29.8

Here's what you miss today in the world of tech.

0:45.0

Salesforce has announced it is buying slack in a 27.7 billion dollar deal that I believe is a mixture of cash and stock. That dollar figure represents a 64% premium over Slack's 16.8 billion dollar market

0:51.8

cap a week ago right before the rumors of the acquisition first leaked.

0:57.0

Quoting Tech Crunch.

0:58.0

Salesforce co-founder and CEO Mark Benyoff didn't mince words on his latest purchase.

1:03.0

Quote, this is a match made in heaven.

1:05.0

Together, Salesforce and Slack will shape the future of enterprise software

1:08.0

and transform the way everyone works in the all-digital work from anywhere world,

1:12.0

Bennyoff said in a statement.

1:14.5

And Slack CEO Stuart Butterfield was no less effusive than his future boss, quote,

1:19.2

as software plays a more and more critical role in the performance of every organization we share a

1:24.5

vision of reduced complexity, increased power and flexibility and ultimately a

1:29.0

greater degree of alignment and organizational agility. Personally I believe this is the most strategic combination in the history of software

1:37.0

and I can't wait to get started, Butterfield said in a statement.

1:40.0

Ultimately, Slack was ripe for the taking. Entering 2020, it had lost around 40% of its value since it went public.

1:47.0

Consider that after its most recent earnings report, the company lost 16% of its value and before the sales force deal leaked, the company was worth only a few dollars per share more than its

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