We’ll examine upcoming developments for Slack, new payment capabilities from Revolut, and an increased valuation target for DoorDash. This is your Daily Crunch for December 4, 2020.

Key news: Details emerge regarding Slack’s acquisition by Salesforce

Following Salesforce’s announcement this week of its $27.7 billion acquisition of Slack, Ron Miller interviewed Slack CEO Stewart Butterfield and Salesforce President and COO Bret Taylor to gain further insight into the agreement.

Butterfield stated that Slack will maintain a significant degree of autonomy within Salesforce, enabling the team to “continue focusing on our existing priorities.” He also downplayed the extent of competition with Microsoft Teams, characterizing it as “exaggerated.”

“Our primary obstacle was the prevailing perception,” Butterfield explained. “They are simply effective [at] public relations, or something I haven’t been able to pinpoint.”

Startups, funding, and venture capital activity

Revolut now enables businesses to process online payments — This development positions the company as a direct competitor to Stripe, Adyen, Braintree, and Checkout.com.

Health technology investment firm OTV announces a new $170M fund and expands operations into Asia — This year, the firm spearheaded investment rounds for telehealth companies TytoCare and Lemonaid Health.

Zephr secures $8M in funding to assist news organizations in increasing subscription revenue — The startup’s client base includes prominent publishers such as McClatchy, News Corp Australia, Dennis Publishing, and PEI Media.

Insights and analysis from Extra Crunch

DoorDash revises its IPO price range upward in anticipation of a significant public offering — The food delivery company now anticipates an initial public offering price between $90 and $95 per share, an increase from the previous range of $75 to $85.

Expanding into new markets and adopting a remote workforce can drive growth during a pandemic — Is now the appropriate time to pursue international expansion?

The pandemic is reshaping technology expenditure in three key ways — Every organization is now fundamentally a digital product company.

(Extra Crunch is our subscription service, designed to provide accessible information about startups. You can register here.)

Other noteworthy news

Analysis: The White House’s AI Executive Order lacks substance — Devin Coldewey expresses skepticism regarding the White House’s recently released executive order concerning artificial intelligence.

China’s internet regulatory body addresses concerns about improper data collection — China is progressing toward stricter regulation of data collection practices by application developers.

Gift Guide: A selection of games across all platforms to help navigate the extended, COVID-affected winter season — This is an excellent period for gaming enthusiasts.

The Daily Crunch is TechCrunch’s compilation of our most significant and impactful stories. To receive this summary in your inbox daily around 3pm Pacific Time, you can subscribe here.