Reported 3 days ago
Salesforce announced its decision to acquire Informatica for approximately $8 billion, aimed at strengthening its position in the evolving AI market. This marks Salesforce's return to significant mergers and acquisitions after previously halting talks with Informatica. The transaction, which includes a 30% premium on Informatica’s recent share price, is set to elevate Salesforce's data management capabilities and boost its competitiveness against rivals. CEO Marc Benioff emphasized that this partnership will create a comprehensive data platform essential for integrating AI into business operations.
Source: YAHOO