May 28th, 2025
Create an account or log in to unlock unlimited access!
Salesforce is buying Informatica, a company that uses AI to manage data online, for about $8 billion. Informatica's owners will get $25 for each share, which is about 11% more than the price last Friday. This purchase will greatly improve how Salesforce handles data. Informatica was a private company from 2015 until 2021, when it became public again. Both companies agree on helping businesses use data well in the age of AI. Salesforce plans to use Informatica's abilities, especially in areas like government, healthcare, and finance. The deal has been approved by both companies' leaders and should be finished early in Salesforce's 2027 financial year. After the news, Salesforce's shares went up a little, while Informatica's stock increased by 5.7%.
May 28th, 2025
US Consumer Confidence Rises After Tariff Concerns Eased
US Consumer Confidence Rises After Tariff Concerns Eased
US-EU Trade Fight: Trump's Goals and Europe's Options
US-EU Trade Fight: Trump's Goals and Europe's Options
European Firms Reduce Spending and Investment in China Due to Slower Growth
European Firms Reduce Spending and Investment in China Due to Slower Growth
Walmart Raises Prices Amid Tariff Worries
Walmart Raises Prices Amid Tariff Worries
Starbucks Staff Strike Over Dress Code Changes: Over 2,000 Workers Protest
Starbucks Staff Strike Over Dress Code Changes: Over 2,000 Workers Protest
Japan's Economy Weakens: Trade Tensions Hurt Sales and Worry Businesses
Japan's Economy Weakens: Trade Tensions Hurt Sales and Worry Businesses
Asian Shares Mixed After US-China Trade Optimism Ends
Asian Shares Mixed After US-China Trade Optimism Ends
Stocks Rise After Fed Warning and Steady Rates
Stocks Rise After Fed Warning and Steady Rates
Trump's Trade Talk Confuses Tariff Situation
Trump's Trade Talk Confuses Tariff Situation
Create an account or log in to continue reading and join the Lingo Times community!