Informatica says it's not for sale, following Salesforce's reported interest in $10 billion deal
Publishing timestamp: 2024-04-22 11:01:48
Summary
Informatica denies being in talks to sell itself to Salesforce for roughly $10 billion, causing Informatica's shares to drop 7% and Salesforce's shares to rise. Salesforce's CEO Marc Benioff's history of acquisitions has attracted scrutiny. Salesforce investors reacted negatively to the potential deal. Salesforce had been on a diet of no meaningful M&A, but rumors suggest that may be changing.
Sentiment: NEUTRAL
Keywords: technology, salesforce inc, breaking news, enterprise, breaking news: technology, internet, informatica inc, marc benioff, business news,
Source: https://www.cnbc.com/2024/04/22/informatica-not-in-acquisition-talks-with-salesforce.html