According to The Wall Street Journal, Salesforce.com (CRM) is currently in discussions to acquire data-management software maker Informatica (INFA). While the potential deal price is below Informatica’s stock price of $38.48 on Friday, INFA has experienced a significant increase of 43% in 2024 due to takeover speculation, resulting in a market capitalization of $11.20 billion.
Informatica provides companies with tools for managing data both in the cloud and on-site and recently introduced artificial intelligence tools. Meanwhile, Salesforce stock declined by 1.6% to $294.32 on Friday, falling below its 50-day line. CRM currently has a flat-base buy point of $318.71 for investors to consider.
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