- Published at
- by finance.yahoo.com
negative
negative
Salesforce Strikes $8 Billion Acquisition To Boost AI And Data Cloud Power
Informatica Inc. (NYSE:INFA) stock surged on Monday amid reports that Salesforce Inc. (NYSE:CRM) is weighing the acquisition of the software company after a prior deal failed to fructify in 2024. On Tuesday, Salesforce officially agreed to acquire Informatica for approximately $8 billion in equity value, net of Salesforce’s current investment in Informatica. Under the terms of the agreement, holders of Informatica’s Class A and Class B-1 common stock will receive $25 in cash per share. Also Read