Salesforce In Late Talks To Buy Informatica: WSJ

Salesforce In Late Talks To Buy Informatica: WSJ

Salesforce.com (CRM) is is in late-stage talks to buy data-management software maker Informatica (INFA), The Wall Street Journal reported Friday night, citing sources.




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But the potential deal price being discussed is below Informatica stock’s Friday close of 38.48. INFA stock has soared 43% in 2024 in part on takeover buzz, giving it a market capitalization of $11.20 billion.

Informatica helps companies manage data in the cloud and on site, and has recently rolled artificial intelligence tools.

Salesforce stock fell 1.6% to 294.32 on Friday, falling below its 50-day line. CRM stock has a 318.71 flat-base buy point.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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