Salesforce nears $8 billion deal for Informatica, WSJ reports
A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo
(Reuters) -Salesforce is nearing a roughly $8 billion deal for data-management software firm Informatica, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The cloud-software giant is expected to pay $25 per share for Informatica, in a deal set to be announced later in the day, the report said.
Salesforce and Informatica did not immediately respond to Reuters' requests for comment. Informatica shares jumped 7% to $24.1 in premarket trading, while Salesforce stock was up 1.6%.
Informatica is exploring a sale after attracting renewed takeover interest from suitors, including Salesforce, a person familiar with the matter told Reuters on Friday.
Salesforce and Informatica abandoned their advanced talks for a deal in April 2024 after failing to agree on the terms.
(Reporting by Aditya Soni in Bengaluru; Editing by Leroy Leo)
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