Salesforce CEO Marc Benioff targets Informatica for potential acquisition

📆 4/15/2024 8:31 AM
📰 Investingcom

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Salesforce,CEO,Marc Benioff

Salesforce is reportedly in discussions with Informatica for a potential acquisition, which could strengthen its position in data integration and management. The deal, valued at approximately $11.4 billion, could drive further consolidation in the SaaS sector.

) CEO Marc Benioff is reportedly targeting Informatica for what could be one of the company's largest acquisitions, reinforcing Salesforce's position in data integration and management.

Analysts at Bloomberg Intelligence said in a note that this deal could drive further consolidation in the software-as-a-service sector and may draw regulatory attention. Last year, the cloud-based software giant managed to avoid a proxy battle with Elliott following strategic adjustments and an increase in its stock price.

If the acquisition proceeds at a significant premium, it could approach or exceed the financial magnitude of Salesforce's previous major acquisitions, including the $14 billion purchase of Tableau Software in 2019 and the $27 billion acquisition of Slack Technologies in 2021.Scan QR code to install app

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