By Angela Palumbo
Salesforce stock was down Friday after a report said that talks for a potential acquisition of Informatica were back on after falling apart in 2024. Informatica stock soared on the news.
Bloomberg reported Friday afternoon that enterprise software company Salesforce was in talks to acquire data management platform Informatica, citing people familiar with the matter. An official announcement of a deal could possibly come next week if an agreement is reached.
Barron's asked Salesforce and Informatica for comment.
Shares of Salesforce were down 3.9% at $272.15 in late Friday trading after the report. Informatica shares surged 19% to $22.92.
The Wall Street Journal reported last April that talks between Salesforce and Informatica for a potential acquisition fizzled out after the companies didn't agree on terms.
Salesforce is scheduled to report first-quarter earnings after the stock market closes on Wednesday, May 28.
Write to Angela Palumbo at angela.palumbo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 23, 2025 15:59 ET (19:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.