The U.S Justice Department’s Antitrust Division has requested Salesforce and Slack to provide more information ahead of the latter’s acquisition, according to CNBC. Salesforce plans to buy Slack for $27 billion and expects to close the deal in the quarter that ends on July 31.
- The development suggests greater scrutiny of major technology transactions under Biden’s administration.
- Analysts expect the U.S. to take a stronger approach to antitrust enforcement under Joe Biden’s administration than it did during Barack Obama’s presidency.
- The acquisition of Slack by Salesforce seeks to challenge Microsoft, the current world’s largest software company.
Salesforce and Slack stocks are currently declining. CRM: NYSE is down 0.33% on premarket, WORK: NYSE is down 2.60% on premarket.
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