Informatica hold gains after Salesforce announces $8 billion takeover

Informatica

27/05/2025 13:57

Updates

** Informatica INFA.N up 5.6% to $23.82 premarket; Salesforce CRM.N up 1%

** Salesforce says will buy Informatica for about $8 bln, paying $25 for each share

** "Salesforce and Informatica will create the most complete, agent-ready data platform in the industry," said Salesforce CEO Marc Benioff

 ** Deal will to help CRM expand its data management platform, boosting its competitive edge in AI market

** Deal comes after companies previously abandoned merger talks in April 2024

** INFA stock jumped 17% on Friday; its biggest single-day jump since November 2023

** Up to last close, INFA stock had fallen 13% YTD% vs an 18% decline in CRM

(Reporting by Nikhil Sharma)

((Nikhil.Sharma@thomsonreuters.com;))