Salesforce rises on abandoning Informatica deal

Informatica

22/04/2024 12:15

** Shares of Salesforce  CRM.N  up 3.5% at $280 premarket,
while Informatica  INFA.N  drops 6.2% at $33
    ** Salesforce backs away from talks to acquire Informatica
after the two companies could not agree on terms
    ** Talks were at an advanced stage, with a mid-$30s per
Informatica share price been discussed, per the WSJ
    ** Since news of a likely deal broke on April 12, CRM has
slid 8.1%, while INFA has slid 8.6%

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))