Salesforce Acquires Informatica for AI Data Management
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Salesforce will buy Informatica. This is a deal for about eight billion dollars. Informatica helps manage data using AI technology in the cloud.
Informatica's shareholders will get $25 for each share. This is more than the price on Friday. The price on Friday was $22.55, so it is an 11% increase.
Salesforce will now have Informatica's data skills. This will help Salesforce manage data better. Informatica was private, then public again in two thousand twenty-one.
The CEO of Informatica, Amit Walia, is happy about this. He said they share a vision for data and AI. Robin Washington from Salesforce said they will use Informatica's skills fast.
The deal must still be approved, but it should close soon. Both companies' boards have already agreed. Salesforce's stock went up a bit, and Informatica's stock rose more.
Questions
How much will Salesforce pay to buy Informatica?
Salesforce will pay about eight billion dollars.
What will Informatica's shareholders receive for each share?
Informatica's shareholders will get $25 for each share.
Who is the CEO of Informatica?
The CEO of Informatica is Amit Walia.
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