tradingkey.logo

Informatica rises after Salesforce strikes $8 billion takeover deal

ReutersMay 27, 2025 1:57 PM

Shares of data-management software firm Informatica INFA.N up 5.6% to $23.82 at an over three-month high; Salesforce CRM.N falls 0.6%

Cloud software giant Salesforce agrees to 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," says Salesforce CEO Marc Benioff

Deal will 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

Including day's moves, INFA is down 8% YTD, while CRM falls 19% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI