(Reuters) – Microsoft Corp
The software maker offers the app as part of some Office365 business packages, as well as a free version. Teams allows users to chat, share files, make calls and hold web video conferences.
Microsoft Teams, used by companies such as General Electric
Slack, whose customers include Electronic Arts Inc
Slack’s shares fell 8.4% following the news, to $21.18. They are down 45% from the close of their first day of trade in June.
Microsoft Teams also competes with Workplace by Facebook Inc
(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Rashmi Aich and Clarence Fernandez)