Informatica rises after Salesforce strikes $8 billion takeover deal
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
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