Stay updated with breaking news from Slack Technologies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Billionaire investors are ditching the "infrastructure backbone" of the artificial intelligence (AI) revolution in favor of two industry-leading, irreplaceable AI stocks.
(Bloomberg) -- Salesforce Inc.’s takeover talks with Informatica Inc. have cooled with both parties struggling to agree to terms, according to a person familiar with the matter.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernan
(Reuters) -Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on Sunday. If the two sides had agreed on a deal, it would've ranked as one of Salesforce's biggest acquisitions. Salesforce and Informatica did not immediately respond to requests for comment from Reuters.
Salesforce: Informatica's shares closed at $35.19 on Friday, valuing the Redwood City, California-based company at about $11.2 billion, including debt.
Salesforce Inc (NYSE: CRM) discontinues negotiations to acquire Informatica Inc (NYSE: INFA) due to disagreements on the acquisition terms. Talks were close to making it one of Salesforce's most significant purchases, as per sources familiar with Reuters.