Informatica hold gains after Salesforce announces $8 billion takeover

Informatica INFA.N up 5.6% to $23.82 premarket; Salesforce CRM.N up 1%

Salesforce says will buy Informatica for about $8 bln, paying $25 for each share

"Salesforce and Informatica will create the most complete, agent-ready data platform in the industry," said Salesforce CEO Marc Benioff

Deal will to help CRM expand its data management platform, boosting its competitive edge in AI market

Deal comes after companies previously abandoned merger talks in April 2024

INFA stock jumped 17% on Friday; its biggest single-day jump since November 2023

Up to last close, INFA stock had fallen 13% YTD% vs an 18% decline in CRM