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Beers & Burgers: Harvey's To Go | SaltWire #harveys #burger #beer #foodblogger - 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.
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 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.The customer relationship management technology provider last month led a $106 million funding round for Nvidia backed Together AI.
Salesforce in 2020 acquired workplace messaging app Slack Technologies in a $27.7 billion deal, which is the cloud-computing pioneer's largest acquisition.
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Salesforce in Talks to Acquire Informatica: ReportSalesforce 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.
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