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Reports Say Slack Being Pursued as Potential Acquisition Target, Seeking to Raise Another Huge Financing Round ($500M US)
Tuesday, June 20, 2017Company Profile | Follow Company
San Francisco (& Vancouver, BC), CA, June 20, 2017--(T-Net)--A number of major tech publications are reporting this week that Slack is being pursued as a potential acquisition target by interested suitors including Amazon (fresh off a Whole Foods acquisition), and Google (who may want to attract developers).
Other reports have Slack raising another major $500 million US financing at a potential valuation of $5 billion (up from $4 billion last round)
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Editor's Note: Slack has major offices in the Yaletown area of Vancouver, BC
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Stewart Butterfield, Slack CEO and co-founder. Butterfield, who was born in BC, was also a Co-Founder of Flickr, a photo sharing platform that also began in Vancouver (and later sold to Yahoo).
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About Slack
Slack is a messaging platform for teams that brings all communication together, creating a single unified archive accessible through powerful search. It integrates with dozens of popular services such as Twitter, Dropbox, Trello, Asana, Google Docs, JIRA, MailChimp, Stripe, Zendesk, and others to help consolidate and make sense of the ever-growing flows of data that confront modern teams. Based in San Francisco, and with offices in Vancouver, Slack has raised $340 million from some of the world's best recognized investors including Accel, Andreessen Horowitz, Social+Capital, KPCB, Google Ventures, Horizons Ventures, IVP, Spark, DST, and Index.
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