Source Says Salesforce Has Abandoned Its Pursuit of Informatica

Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on Sunday.

The talks between the two companies were at an advanced stage earlier in April, Reuters reported. If the two sides had agreed on a deal, it would’ve ranked as one of Salesforce’s biggest acquisitions.

Salesforce and Informatica did not immediately respond to requests for comment from Reuters.

Read the source article at U.S. News