Informatica (INFA), a data management software maker, is currently in discussions with Salesforce.com (CRM) to be acquired, according to sources cited by The Wall Street Journal on Friday night. Although the potential deal price is lower than Informatica’s stock closed at $38.48 on Friday, INFA’s stock has seen a significant increase of 43% this year due to takeover speculation, resulting in a market capitalization of $11.20 billion.
Informatica helps companies manage data both in the cloud and on-site, and has recently introduced artificial intelligence tools. Meanwhile, Salesforce stock experienced a decline of 1.6% to $294.32 on Friday, dropping below its 50-day line. CRM stock currently has a flat-base buy point for investors at $318.71.
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