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Stock impact report

Salesforce Talks with Informatica Cool Over Price [BNN Bloomberg (Canada)]

Informatica Inc. (INFA) 
Company Research Source: BNN Bloomberg
Software giant Salesforce and data management company Informatica have been unable to agree on price, the person said, asking not to be identified discussing confidential information. The Wall Street Journal reported earlier on Sunday that talks over a deal were fizzling. Representatives for Salesforce and Informatica declined to comment. Informatica shares closed at $35.19 in New York on Friday, giving the company a market value of around $10.5 billion. The deal would have ranked among the largest ever by Salesforce, topped only by its 2021 takeover of the business communications platform Slack Technologies for more than $27 billion and its over $15 billion purchase of Tableau Software in 2019. --With assistance from Ryan Gould. ©2024 Bloomberg L.P. Show less Read more
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