According to the Wall Street Journal, which cited people familiar with the issue, Salesforce is on the verge of hitting a roughly $8 billion deal to acquire data management software company Informatica.
The deal reportedly valued Informatica at $25 per share, and could be announced as early as today.
Salesforce is approaching Informatica’s $8 billion deal
Salesforce CRM is approaching a roughly $8 billion deal with data management software company Informatica, WSJ reports citing people familiar with the issue.
Salesforce is expected to pay Informatica $25 per share in a deal scheduled to be announced later Tuesday.
Neither Salesforce nor Informatica responded to Reuters requests for comment. However, the news was enough to trigger a market movement. Informatica shares rose 7% to $24.10 in pre-market trading, while Salesforce shares rose 1.6%.
This is not the first time that both companies have tried to join together. The talks between Salesforce and Informatica had previously collapsed in April as they were unable to look at the terms.
Now it seems like things are back on track. According to those with knowledge of the discussion, Informatica has recently attracted renewed interest from potential buyers, including Salesforce.
If a transaction is made, mark another big move by Salesforce and deepen the footprint of your enterprise data tools.
🚀Want to share the story?
Submit your stories to TechStartUps.com in front of thousands of founders, investors, PE companies, tech executives, decision makers and tech leaders.
Please attract attention
Source link
