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Salesforce has terminated its discussions to acquire Informatica, a data management software firm, after failing to agree on terms. The negotiations, reportedly centered around an $11 billion deal, involved a purchase price in the mid-$30s per share for Informatica. Despite the initial interest, Informatica has publicly stated that it is not for sale and is not engaged in any acquisition talks, following reports of Salesforce's interest. This development affected the stock prices, with Informatica's shares dropping by over 8% and Salesforce's shares increasing by 3.5%.
Salesforce's acquisition of Informatica looks like it is fizzling. I wonder how much of that is due to the fact that their stock was down 7% the day after the announcement. In this case it "appears" as though investors effectively blocked the deal. Exit environment = tricky!
Informatica says it is not currently in talks to be acquired, following Salesforce's reported interest in ~$10B deal; INFA falls 8%+ (@rogoswami / CNBC) https://t.co/C7XXq5L8d9 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/G6vzqpaZup
Reports: Salesforce abandons plans to acquire Informatica https://t.co/wKhFsUIk4x