HomeBusinessSalesforce in Late Talks to Buy Informatica: WSJ

Salesforce in Late Talks to Buy Informatica: WSJ

Salesforce.com (CRM) is in advanced stages of talks to acquire a data management software maker Computer science (INFA), The Wall Street Journal reported Friday evening, citing sources.


But the potential deal price under discussion is below Informatica’s Friday close of 38.48. INFA stock is up 43% in 2024, thanks in part to takeover rumors, giving it a market cap of $11.20 billion.

Informatica helps companies manage data in the cloud and on-premises, and recently introduced artificial intelligence tools.

Salesforce shares fell 1.6% to 294.32 on Friday, falling below the 50-day mark. CRM stock has a flat-base buy point of 318.71.

Follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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