Salesforce Reportedly Abandons Pursuit of Informatica
Salesforce and Informatica did not immediately respond to requests for comment from Reuters. Salesforce had been discussing a price for Informatica in the mid-$30s a share, according to the Wall Street Journal, which reported earlier on April 21, 2024 that the talks between the two sides had fizzled. When news of the deal talks first broke on April 12, Informatica's shares were trading at $38.48. Informatica's shares closed at $35.19 on April 19, 2024, valuing the Redwood City, California-based company at about $11.2 billion, including debt.