Salesforce nyse Crm Explores Informatica Acquisition Stock Plummets

Salesforce (NYSE: CRM) Explores Informatica Acquisition, Stock Plummets

Salesforce (NYSE: CRM) stock slid amid reports indicating the company is in discussions to acquire Informatica (NYSE: INFA).

Salesforce is in advanced discussions to acquire Informatica (INFA), a cloud data management company, The Wall Street Journal reports.

Sources familiar with the matter indicated that the proposed takeover price is currently below Informatica’s current share price of just over $38, which has surged in anticipation of a potential deal. Informatica’s shares have seen a notable increase of around 35% since the beginning of the year.

Private equity firm Permira and the Canadian Pension Plan Investment Board took Informatica private for $5.3 billion in 2015. It went public again in 2021. The report suggests Informatica could soon announce a deal with Salesforce.

Analysts at Bloomberg Intelligence suggest that such an acquisition could trigger further consolidation in the software-as-a-service (SaaS) sector and may attract regulatory scrutiny.

Earlier this month, IQVIA (NYSE: IQV) and Salesforce (NYSE: CRM) announced an expanded global strategic partnership aimed at accelerating the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform for the global life sciences industry.

Salesforce (NYSE: CRM) Stock Movement

CRM stock plunged 7.28% to $272.90 on Monday. The traders had exchanged hands with 18,365,088 (18.36 million) shares compared to the average daily trading volume of 5.75 million.