According to sources cited by Reuters news agency, it was previously reported that Salesforce was in negotiations to acquire Informatica, a company that provides data management services for organizations. However, the two companies have now ceased negotiations as they were unable to reach an agreement on the details.
Reports indicate that Salesforce was looking to purchase Informatica shares at around $35 per share, but after the news broke, Informatica’s stock price increased to over $38. This could potentially be one of the reasons why the negotiation for the purchase price could not be concluded.
Representatives from Salesforce and Informatica have declined to comment on this report.
TLDR: Salesforce and Informatica halt negotiations over acquisition due to inability to reach agreement on price details. Informatica’s stock price increase potentially impacted the deal.
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