Salesforce, Informatica Stocks and Shares Decreased Amidst Acquisition Rumors

By Giuliano De Leon

Apr 15, 2024 02:27 PM EDT

Salesforce and Informatica stocks dropped on Monday, Apr. 15, amid acquisition rumors. Numerous reports claimed that the American cloud-based software firm was planning to acquire the software development company. 

Salesforce, Informatica Stocks and Shares Decreased Amidst Acquisition Rumors
The Salesforce logo is seen at Salesforce Tower on December 1, 2020 in San Francisco, California. The cloud-based enterprise software company announced on Tuesday that it will purchase the popular workplace-chat app Slack for $27.7 billion.
(Photo : Stephen Lam/Getty Images)

Salesforce, Informatica Stocks and Shares Dropped

According to CNBC's latest report, Salesforce's stock dropped by 5% on Apr. 15. Meanwhile, Informatica's shares decreased by 9% after the reports about the alleged acquisition.

The rumored acquisition is expected to be Salesforce's largest deal since purchasing Slack for almost $28 billion in 2021.

The alleged Informatica acquisition will also be the latest in Salesforce's series of acquisitions in the past years. Its previous acquisitions happened in 2019, when it bought Tableau for over $15 billion, and in 2018, when it purchased Mulesoft for $6.8 billion.

Read Also: Salesforce to Cut Major Jobs; About 700 Employees To Be Laid Off Due to Restructuring

Will Salesforce Buy Informatica?

As of this writing, Salesforce declines to comment on the alleged acquisition of Informatica. However, some individuals familiar with the matter claimed that an announcement regarding the acquisition will be made soon.

Unfortunately, Investopedia reported that the transaction could be blocked. This issue concerns the price allegedly being discussed by the software giant and the data-management service provider.

If Salesforce decides to acquire Informatica, it would be worth it because Salesforce can incorporate the software development firm's newly launched AI tools.

In addition, Salesforce will gain access to Informatica's estimated 5,000 active customers, including the Big Four, Toyota, and Unilever.

Related Article: Salesforce AcquiresTechnology Startup PredictionIO

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