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Salesforce-Slack deal cleared in Australia after regulator finds little competitive overlap

By Laurel Henning ( May 20, 2021, 00:13 GMT | Insight) -- Salesforce.com’s $27.7 billion deal to acquire the workplace-messaging platform Slack has cleared a public merger review in Australia, after the country’s competition watchdog found little competitive overlap between the two companies. In a statement announcing it wouldn’t oppose the merger, the Australian Competition & Consumer Commission said its review had focused on whether Salesforce having both customer relationship management and team collaboration solutions could substantially lessen competition.Salesforce.com’s $27.7 billion deal to acquire the workplace-messaging platform Slack has cleared a public merger review in Australia, after the country’s competition watchdog found little competitive overlap between the two companies....

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