Informatica says it's not for sale, following Salesforce's reported interest in $10 billion deal

Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal for the enterprise software company.Salesforce CEO Marc Benioff had attracted scrutiny before for a free-spending approach to acquisitions, including the purchases of Slack and Tableau.Informatica shares slumped more than 7% on the news, while Salesforce shares rose around 1%.

Informatica's two largest shareholders, Canada's Pension Plan and private equity firm Permira, control more than 75% of outstanding shares and would have had to bless any deal. Salesforce's investors also reacted negatively to the idea of the deal, sending shares down more than 7% when news of the potential purchase first broke.

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Informatica says its not for sale, following Salesforce's reported interest in $10 billion dealInformatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal.
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