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Reports: Salesforce abandons plans to acquire Informatica - SiliconANGLE

Apr 22, 2024 - siliconangle.com
Salesforce Inc. has reportedly abandoned its plans to acquire data management company Informatica Inc. for about $10 billion. Despite earlier media reports suggesting Salesforce's interest in Informatica, the company stated it was not in discussions. The two companies were said to be in advanced talks for an acquisition, but these talks reportedly fizzled out due to disagreements on the deal terms. This news led to a 7% drop in Salesforce's shares, while Informatica's shares also fell by about 7%.

Informatica, founded in 1993, offers a data management and processing platform that uses AI to help large companies handle data from multiple sources. The company has over 5,000 active customers, including Unilever PLC and Deloitte. The acquisition would have been Salesforce's largest since its 2021 deal for Slack Technologies Inc., valued at $27.7 billion. Salesforce has a history of acquiring companies to boost its growth, including MuleSoft Inc. and Tableau Inc.

Key takeaways:

  • Salesforce Inc. has reportedly dropped plans to acquire data management company Informatica Inc. for about $10 billion.
  • The talks between the two companies fizzled as they couldn’t come to terms on the deal.
  • Informatica provides a data management and processing platform for large companies, boasting more than 5,000 active customers, including Unilever PLC and Deloitte.
  • The acquisition would have been the largest for Salesforce since the 2021 deal for Slack Technologies Inc., valued at $27.7 billion.
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