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.




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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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