šØ Abstract
Salesforce is acquiring Informatica, an AI-powered cloud data management company, for approximately $8 billion. Informatica shareholders will receive $25 per share. The deal aims to enhance Salesforce's data management capabilities, with a focus on sectors like public, life sciences, healthcare, and financial services. Both companies' boards have approved the transaction, expected to close in early fiscal 2027. Salesforce shares rose slightly, while Informatica's stock jumped 6%.
Courtesy: WTOP Staff
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