CRM - Salesforce Stock Is Sliding Monday: What's Going On? | Benzinga
Salesforce Inc (NYSE:CRM) shares are trading lower Monday following reports suggesting the company is in talks to buy Informatica.
What To Know: Salesforce is in advanced talks to acquire cloud data management company Informatica, according to a Wall Street Journal report.
People familiar with the matter reportedly said the takeover price being discussed is currently below Informatica’s share price of just over $38, due to a recent surge in shares in anticipation of a potential deal. Informatica shares are up approximately 35% since the start of the year.
Private-equity firm Permira and the Canadian Pension Plan Investment Board took Informatica private for $5.3 billion in 2015 after it ...