Perhaps, but for now, this will be largely an enterprise play for subscribers of Office 365. There is no way to add outside contributors to Team and the use case for Team, Yammer, Groups is not super clear. Of the three I'd bet on Yammer going away and Team merging into Groups.
Where I think this starts to take on Slack is on price. Slack charges $8 per user per month (Month to month) which is the same amount an O365 E1 account costs yet with E1 you also get email, Office, OneNote, etc.
I think Slack's future is as an acquisition. Mostly likely by Google.