Salesforce in recent talks to acquire Slack Technologies, WSJ reports (CRM) has recently been in talks to acquire Slack Technologies (WORK), Cara Lombardo, Liz Hoffman and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter.

Any deal would likely value Slack at more than its current market capitalization of $17B, but there is no guarantee the talks will lead to a deal, sources told the Journal. Shares of Slack Technologies are up 7% to $31.68 following the report while Salesforce is down 3% to $252.90.

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