Salesforce is on the verge of finalizing an $8 billion acquisition of Informatica, a software development company headquartered in Redwood City. This move highlights Salesforce's commitment to enhancing its software capabilities amidst a challenging market for Informatica, whose shares have experienced a decline recently. The announcement has positively impacted the value of Informatica's shares, indicating market optimism about the deal. This acquisition comes just before Salesforce's quarterly results are set to be released, suggesting strategic timing in the company's growth initiatives.
Salesforce is expected to sign an $8 billion deal to acquire U.S. software development company Informatica, according to the Wall Street Journal.
Shares of the company have fallen in recent months, but on Friday, shares jumped up after news that the two companies were in talks.
Salesforce is set to release its quarterly results on Wednesday, possibly contextualizing the timing of this significant acquisition.
Collection
[
|
...
]