CRM

Salesforce's Attempt To Acquire Informatica Falls Through Due To Price Disagreement : Reports

(RTTNews) - Salesforce Inc. (CRM) has failed to reach an agreement to acquire data-management software maker Informatica (INFA) after the companies could not agree to a price, according to several media reports citing people familiar with the matter.

The proposed acquisition, which could have been valued at around $10 billion, would have marked one of Salesforce's largest acquisitions. However, it encountered opposition from analysts and investors, the reports said.

Informatica shares closed at $35.19 in New York on Friday, giving the company a market value of about $10.38 billion.

In early April, news broke that Salesforce was in advanced talks to acquire Informatica.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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