Salesforce Eyes Major Acquisition Of Informatica, May Face Pricing Challenges Amid Stock Surge: Report
Portfolio Pulse from Nabaparna Bhattacharya
Salesforce, Inc. (NYSE:CRM) is in advanced talks to acquire Informatica Inc. (NYSE:INFA), a data-management software provider. The acquisition price is reportedly lower than Informatica's recent stock price of $38.48. Salesforce, known for its acquisitive strategy, has over 70 acquisitions since 2006. The deal, if completed, would be one of Salesforce's largest, following its $28 billion acquisition of Slack Technologies. Salesforce's stock has risen about 15% this year, with a market cap of approximately $285 billion.
April 13, 2024 | 3:04 pm
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POSITIVE IMPACT
Salesforce's potential acquisition of Informatica could significantly impact its market position, adding to its extensive portfolio of acquisitions. The company's stock has already seen a 15% increase this year.
Salesforce's aggressive acquisition strategy, including the potential purchase of Informatica, could further enhance its product offerings and market position, likely contributing to continued stock appreciation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Informatica's stock price saw a significant increase to $38.48, with further gains after hours. The acquisition talks with Salesforce, despite the offer being lower than the closing price, could influence its stock performance.
The news of Salesforce's interest in acquiring Informatica at a price lower than its recent stock surge could create investor optimism for a better deal, potentially driving INFA's stock higher in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 95