TECH - Salesforce Eyes Major Acquisition Of Informatica May Face Pricing Challenges Amid Stock Surge: Report | Benzinga
Salesforce, Inc. (NYSE:CRM) is reportedly in advanced negotiations to acquire Informatica Inc. (NYSE:INFA), a data-management software provider.
A potential complicating factor is that the discussed price for the acquisition is lower than Informatica’s recent closing stock price of $38.48, which experienced a significant increase, reported The Wall Street Journal.
While the Wall Street Journal has not discussed the funding details, Salesforce said, while reporting fourth-quarter results, that it had $8.472 billion in cash and equivalents as of Jan. 31.
Informatica specializes in aiding companies with data management across both cloud-based and on-premise systems, enabling organizations to effectively analyze the data they accumulate, the report read.
Its clientele includes a diverse range of companies such as Unilever, Toyota, and Deloitte, as listed on its website.
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