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Everyone wants to acquire tech darling Slack

May 29, 2015, 4:43 PM UTC
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Stewart Butterfield, co-founder and chief executive officer of Slack, speaks during a Bloomberg West Television interview in San Francisco, California, U.S., on Wednesday, Nov. 12, 2014. Slack, a software service company helping teams of co-workers to converse, work on projects together, and share links, pictures and more in real time, recently raised $120 million and is now valued at $1.12 billion. Photographer: David Paul Morris/Bloomberg via Getty Images
Photograph by David Paul Morris — Bloomberg/Getty Images

The workplace messaging app Slack is not just popular among businesses trying to streamline how their employees communicate in the office. It’s also the belle of the ball when it comes to tech companies looking to spend big on acquisitions.

Speaking at the Code Conference Thursday, Slack CEO Stewart Butterfield told the audience that he has fielded acquisition offers from between eight and ten companies, according to a report in TechCrunch. But he is simply uninterested in cashing out.

“I’m going to make more money than I need in any outcome at this point,” Butterfield said.

Instead, the Silicon-Valley CEO is in it for the long haul, and for his legacy. “Five or ten years from now, I want people to talk about our employees like, ‘Ooh they worked at Slack,” he said.

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