-Salesforce is in advanced talks to acquire business software maker Informatica, a person familiar with the matter told Reuters on Friday.
The price of the deal being discussed is below Informatica's current stock price of $38.48, the Wall Street Journal said, it first reported talks between Salesforce (NYSE: Informatica was taken private in 2015 for about $5.3 billion by a consortium that included private equity firm Permira Advisers Ltd and Canada Pension Plan Investment Board.
In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts and increased share buybacks. As part of a series of steps taken since activist investors including ValueAct Capital and Elliott Management acquired stakes in Salesforce, the company had disbanded its M&A board committee.
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