Walmart took aim at Amazon with the announcement of a new online membership program. The service, Walmart+, costs $98, which is less than Amazon Prime’s membership, but doesn’t include streaming video and has a minimum order requirement for free shipping. Walmart is relying more on its online services as Covid-19 continues to impact traditional shopping. Walmart said its online sales grew 97%...
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The Briefing
Salesforce Pays Up for Slack: The Information’s Tech Briefing
Salesforce chief Marc Benioff could never be accused of underpaying for a company, as his proposed $27.7 billion cash-and-stock purchase of Slack demonstrates. Salesforce’s price for the enterprise messaging firm is more than a 50% premium over where Slack’s stock was trading before news of the deal broke. The idea that someone else might jump in with a competing bid now seems...
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