Salesforce is in advanced talks to buy Informatica, WSJ reports
Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported, citing people familiar with the matter.
Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported, citing people familiar with the matter. The price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication factor, the Journal said.
Salesforce and Informatica did not immediately respond to Reuters' request for comment.
Informatica, based out of Redwood City, California, is a cloud management company and has a market capitalization of about $11.35 billion.
In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks, and a dismantled mergers and acquisition committee.
San Francisco-based Salesforce has historically had a keen interest in deals and investments.
The customer relationship management technology provider last month led a $106 million funding round for Nvidia-backed Together AI.
Salesforce in 2020 acquired workplace messaging app Slack Technologies in a $27.7 billion deal, which is the cloud-computing pioneer's largest acquisition.
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