INFA - Salesforce's Activist Makeover Faces Trial By M&A
2024-04-18 10:00:00 ET
Summary
- Marc Benioff’s taste for expansion turned Salesforce into a $265 billion giant.
- Salesforce is in advanced talks to buy Informatica, the Wall Street Journal reported on Friday, citing people familiar with the matter.
- Informatica helps companies extract and clean up data, allowing them to analyze and use it.
By Breakingviews
Marc Benioff’s taste for expansion turned Salesforce ( CRM ) into a $265 billion giant. These same urges also led the software company into a series of ill-advised acquisitions and underperformance, prompting a swarm of activist investors to demand a makeover. A mooted purchase of $11 billion rival Informatica ( INFA ) may show whether Benioff has changed his ways....
Salesforce's Activist Makeover Faces Trial By M&A