Markets

Slack spikes 32% following reports of potential takeover by Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $US17 billion market cap it held before shares jumped. There’s no guarantee the talks will lead to […]
Slack spikes 32% following reports of potential takeover by Salesforce
Markets

2 major European mergers just collapsed — Deutsche Bank-Commerzbank talks flopped and Walmart’s $9 billion UK supermarket deal was blocked

Two billion-dollar European mergers collapsed on Thursday after Deutsche Bank and Commerzbank’s talks fell through, and UK competition regulators rejected Sainsbury’s planned takeover of Walmart-owned Asda. The German banks held formal discussions for six weeks, but investors questioned the deal’s financing and rationale, and labour unions opposed the estimated 30,000 […]
2 major European mergers just collapsed — Deutsche Bank-Commerzbank talks flopped and Walmart’s $9 billion UK supermarket deal was blocked