TECH - What's Going On With Salesforce and Informatica Stock Monday? | Benzinga
Salesforce Inc (NYSE:CRM) ended its acquisition discussions with data-management software company Informatica Inc (NYSE:INFA) after failing to agree on terms.
The negotiations, which were in advanced stages earlier in April, could have resulted in one of Salesforce’s largest acquisitions if successful, Reuters cites familiar sources.
Informatica’s stock price declined after the report, while Salesforce’s stock price went upwards.
Based on a report from the Wall Street Journal, Salesforce was considering purchasing Informatica at a mid-$30s per share price.
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