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HomeStocks NewsSalesforce is in advanced talks to buy Informatica, WSJ reports

Salesforce is in advanced talks to buy Informatica, WSJ reports

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 a Reuters’ request for comment.

Informatica, based out of Redwood (NYSE:RWT) 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.

© Reuters. FILE PHOTO: Salesforce logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

The customer relationship management technology provider last month led a $106 million funding round for Nvidia (NASDAQ:NVDA) backed Together AI.

Salesforce in 2020 acquired workplace messaging app Slack Technologies (NYSE:WORK) in a $27.7 billion deal, which is the cloud-computing pioneer’s largest acquisition.

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