Salesforce (NYSE: CRM) and Informatica (NYSE: INFA) stock prices crashed on Monday as traders reflected on the recent M&A rumours. INFA shares retreated by over 3.65% while CRM retreated by almost 4%.
Salesforce (NYSE: CRM ) is trending today on reports of the company being in late-stage talks to acquire Informatica (NYSE: INFA ), which specializes in data-management systems. CRM stock is retreating on concerns about the cost of the possible deal and the impact it would have on operating margins.
Shares of Salesforce Inc. slumped Monday, as a report that the business software giant was in advanced talks to buy data-management-software company Informatica Inc., valued at more than $11 billion, raised margin concerns.
Salesforce Inc (NYSE:CRM, ETR:FOO) shares fell 2.6% in pre-market trading after reports that it is in talks to buy cloud-data firm Informatica. Talks between the two New York Stock Exchange-listed companies are at an advanced stage, the Wall Street Journal reported on Friday night.
Shares in Salesforce (CRM) will be in focus Monday after a report late Friday that the customer relationship management software maker is in advanced discussions to acquire data-management software provider Informatica (INFA).
Salesforce is reportedly in advanced negotiations to purchase data-management software provider Informatica. The talks were the subject of a Friday (April 12) Wall Street Journal (WSJ) report, citing sources familiar with the matter.
Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector.
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