Amazon Is Interested In Buying Slack Technologies

A deal could value the messaging startup at more than $9 billion, according to reports.

Author:: TheStreet Staff
Publish date:: Jun 15, 2017 9:14 AM EDT

Slack Technologies Inc. has received recent inquiries about a potential takeover from technology companies including Amazon.com Inc. (AMZN) - Get Report , people with knowledge of the situation told Bloomberg.

A deal could value the messaging startup at more than $9 billion, the report said.

Slack is a platform on which employees can send messages, collaborate, organize and share files, with technology that also integrates with a wide variety of business software -- such as that from Salesforce.com Inc. and Microsoft Corp.'s Skype -- allowing employees to do all their work within Slack.

Slack raised $200 million in its latest funding round in 2016, valuing it at $3.8 billion, and 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.

An agreement isn't certain and discussions may not go further, the sources told Bloomberg. A representative for Amazon.com declined to comment for Bloomberg, as did Slack.

This article was written by a staff member of TheStreet.