Slack Juices Up Hybrid Work Race With New Features: Bloomberg

Slack Technologies Inc WORK released new features to help people work with their colleagues irrespective of office or home, intensifying hybrid work competition, Bloomberg reported.
Slack Huddles will allow casual audio conversations across channels and direct messages on the workplace communications platform.
Other features include creating and playback video and audio recordings with a full transcript and an employee directory called Slack Atlas.
Microsoft Corp MSFT recently revealed design changes to its Teams platform to improve remote workers’ interactions in meetings.
Zoom Video Communications Inc ZM will acquire Germany-based Kites GmbH to improve language translation abilities on its videoconferencing service.
Alphabet Inc’s GOOG GOOGL Google revealed updates to its Workspace productivity suite, including new tools for its Meet videoconferencing system.
Slack’s new features will be available on different timelines for different customer plans. Slack Huddles will be open Wednesday to paid customers.
Salesforce.com Inc CRM will acquire Slack for $27.7 billion. Salesforce sold $8 billion worth of bonds to fund the acquisition partly.
Price action: WORK shares traded lower by 0.59% at $44.47 on the last check Wednesday.