News > Salesforce is in advanced talks to buy Informatica: Reports
Salesforce is in advanced talks to buy Informatica: Reports
13/04/2024 04:40 PM | Click to read full article
The price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication. Informatica, based out of Redwood City, California, is a cloud management company and has a market capitalisation of about $11.35 billion. San Francisco-based Salesforce has historically had a keen interest in deals and investments. Last month, Salesforce led a $106 million funding round for Nvidia-backed Together AI.
