The U.S. Justice Department’s Antitrust Division has asked Salesforce and Slack for more information ahead of Salesforce’s plan to buy the smaller software company for $27 billion, Salesforce said Tuesday. The development could indicate greater scrutiny into prominent technology transactions under the Biden Administration. Even with the additional layer of evaluation, Salesforce still expects to close its deal for Slack in the quarter that ends on July 31, according to a regulatory filing. The review, known as a second request, is not unprecedented: GE’s 2017 Baker Hughes acquisition, Charles Schwab’s 2020 TD Ameritrade deal, and Anheuser-Busch’s 2020 transaction with Craft Brew Alliance, which involved the sale of Kona Brewing’s Hawaii operations to another company, all faced similar requests.
Cnbc.com/2021/02/16/salesforce-slack-deal-doj-requests-more-info.html