Joseph K
Salesforce Is Close to Acquiring Informatica, Reports
Salesforce is on the brink of snapping up Informatica, according to reports in The Wall Street Journal and Bloomberg.
The latter publication even suggested that the two companies could reach a deal before the end of the week, citing “people familiar with the matter”.
However, the reports didn’t include a rumored price point, with Informatica’s market cap currently sitting pretty at $11BN.
That comes after a positive start to 2024 for the cloud data management player – with its stock rising from under $27 at the beginning of the year to above $38.
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