Salesforce is Buying AI-Powered Cloud Data Management Company, Informatica, in Near $8 Billion Deal

Salesforce is buying AI-powered cloud data management company Informatica in an approximately $8 billion deal.

Informatica’s shareholders will receive $25 per share, a premium of about 11% from Friday’s closing price of $22.55.

The transaction will give Salesforce access to Informatica’s data management capabilities.

Informatica was taken private in 2015 by private equity firm Permira and the Canada Pension Plan Investment Board for about $5.3 billion. It went public again in 2021.

Read mjore at AP News