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The deal, worth about $10 billion, would have been one of Salesforce's largest acquisitions ever
Salesforce In Talks To Buy Informatica: In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks and a dismantled mergers and acquisition committee.
The price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication factor, the Journal said
Swanson wants to help workers in nearly all departments leverage emerging technologies like AI to make them and the company more productive.