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Salesforce in Talks to Acquire Informatica: Report

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Salesforce,Informatica,Acquisition

Salesforce is reportedly in advanced discussions to acquire data-management software provider Informatica, with the deal being discussed at a price below Informatica's current stock price. Informatica is a cloud management company with a market capitalization of about $11.35 billion. Salesforce has shown a keen interest in deals and investments, recently leading a funding round for Together AI and acquiring Slack Technologies in 2020.

- Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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. Salesforce in 2020 acquired workplace messaging app Slack Technologies in a $27.7 billion deal, which is the cloud-computing pioneer's largest acquisition.Get Rich Quick Former president Donald Trump's "Truth Social" bid is continuing its decline. Shares of Trump Media & Technology Group , which owns the far-right social media platform, have slid almost 30 percent over the last five days, wiping out even more of Trump's personal stake.

 

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