Software Giant Salesforce Is in Advanced Talks to Acquire Informatica

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.

A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential.

The price being discussed is below Informatica’s current share price of $38.48, according to the Wall Street Journal, which first reported the talks between Salesforce and Informatica.

Read the source article at Yahoo Finance