May 28th, 2025
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Salesforce plans to buy Informatica, a company that uses AI to manage data online, for about $8 billion. Informatica's shareholders will receive $25 for each share, which is about 11% more than the price last Friday. This purchase will greatly improve Salesforce's ability to manage data. Informatica was a private company from 2015, but then became public again in 2021. Both companies agree on helping businesses use data effectively in the age of AI. Salesforce wants to use Informatica's skills, especially in areas like government, healthcare, and finance. The deal has been approved by both companies' boards and is expected to finish early in Salesforce's financial year 2027. After the news, Salesforce's shares went up a little, while Informatica's shares increased by 5.7%.
May 28th, 2025
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