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ACCC clears Salesforce Slack acquisition
International law firm Allens has advised Salesforce on the company gaining ACCC clearance to acquire Slack Technologies.
Emma Musgrave
Firm: Allens (Salesforce).
Value: US$27.7 billion.
Area: Competition, consumer and regulatory.
Key players: The Allens team was led by competition, consumer and regulatory partner Jacqueline Downes, with assistance from partner Felicity McMahon and associate William Georgiou.
Deal significance: In addition to the deal being conducted by the ACCC, the deal was also reviewed by competition authorities including in Japan (Japan Fair Trade Commission) and the US (Department of Justice). The authorities engaged with each other in conducting their reviews, a statement from Allens confirmed.
“We are pleased to have acted for Salesforce in such a significant acquisition. Combining Salesforce and Slack’s complementary solutions is expected to enhance the way organisations and people work and communicate in this digital and work-from-anywhere world,” Ms Downes said.
“The ACCC’s public review of this acquisition demonstrates its increasing interest in closely reviewing matters involving digital services.
“We expect this trend will continue, consistent with the global regulatory focus on digital platforms and services.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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