Slack stock rips higher on report of talks with Salesforce

Shares of Slack Technologies have skyrocketed after a report that Salesforce is negotiating to buy the company. Citing sources familiar with the talks, The Wall Street Journal reports that any potential deal with Salesforce would probably value Slack at more than its previous $17 billion market capitalization.Q3 2020 hedge fund letters, conferences and moreAfter the WSJ’s report, shares of Slack surged more than 20%, carrying the company’s market cap up past $20 billion. Meanwhile, shares of Salesforce slumped by almost 3% on the news about Slack. Microsoft shares also dipped slightly on the p…

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HEDGE accordingly