Salesforce’s Bret Taylor: Company Didn’t Overpay for Slack

Salesforce didn’t overpay for Slack, the business messaging company it agreed to acquire on Tuesday for nearly $28 billion, Bret Taylor, Salesforce’s president and chief product officer said.

In an interview on Wednesday with The Information, Taylor said the price tag was well worth it considering the importance of the kinds of communication tools Slack provides, especially in workplaces that have been radically changed by the pandemic. While Salesforce in recent years has used acquisitions to accelerate revenue growth, Taylor said that the company won’t depend entirely on those deals to meet its ambitious revenue goals.