Messaging startup Slack said to draw interest from Amazon

Slack

Slack Technologies Inc, a corporate messaging and collaboration software startup, has received inquiries about a potential takeover from technology companies including Amazon.com Inc, Bloomberg reported on Thursday.

A deal could give San Francisco-based Slack a valuation of at least $9 billion. An agreement isn’t assured and discussions may not go further.

Slack raised $200 million in its latest funding round in 2016, valuing it at $3.8 billion. The company, which introduced its business chat software in 2013, has recently turned its eye to bigger users.

In January, Slack debuted an enterprise version of its chat software that allows tens of thousands of employees to collaborate across teams at major corporations like International Business Machines Corp

San Francisco-based Slack has raised more than $500 million from venture capitalists and was valued at $3.8 billion at its last private financing round a year ago.

Slack has 5 million daily active users — 1.5 million of whom pay to use the service — and had $150 million in annual recurring revenue as of Jan. 31.

Both, Amazon and Slack were not immediately available to comment outside of regular U.S. business hours.

 

Source: Reuters

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