Informatica rises after Salesforce strikes $8 billion takeover deal

Informatica

27/05/2025 14:57

Updates

** Shares of data-management software firm Informatica INFA.N up 5.6% to $23.82 at an over three-month high; Salesforce CRM.N falls 0.6%

** Cloud software giant Salesforce agrees to 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," says Salesforce CEO Marc Benioff

** Deal will 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

** Including day's moves, INFA is down 8% YTD, while CRM falls 19% YTD

 (Reporting by Nikhil Sharma)

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