May 28th, 2025
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Salesforce is planning to buy Informatica, a company that uses AI to manage data online, for about $8 billion. Informatica's shareholders will get $25 for each share, which is about 11% more than the price last Friday. This purchase will make Salesforce much better at managing data. Informatica was a private company from 2015, and then became public again in 2021. Both companies believe that using data helps businesses in the age of AI. Salesforce wants to use Informatica's skills, especially in areas like government, medicine, healthcare, and banking. The deal has been approved by both companies' boards and should be finished early in Salesforce's 2027 financial year. After the news, Salesforce's shares went up a little, and Informatica's shares increased by 5.7%.
May 28th, 2025
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