(Reuters) -Informatica is exploring a sale after attracting renewed takeover interest from suitors, including Salesforce, a person familiar with the matter told Reuters on Friday. Shares of Informatica had surged as much as 20% in afternoon trading after Bloomberg News first reported that the two companies are in discussion again. They were up 2.8% in […]
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Informatica explores sale again, Salesforce among suitors
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(Reuters) -Informatica is exploring a sale after attracting renewed takeover interest from suitors, including Salesforce, a person familiar with the matter told Reuters on Friday.
Shares of Informatica had surged as much as 20% in afternoon trading after Bloomberg News first reported that the two companies are in discussion again. They were up 2.8% in extended trading.
The companies did not immediately respond to Reuters requests for comment. Informatica offers subscription-based data management services over cloud and helps automate tasks for its customers.
Salesforce and Informatica abandoned their advanced talks for a deal in April 2024 after failing to agree on the terms, Reuters reported.
If a deal is reached, it could be announced as soon as next week, Bloomberg News reported, adding that a final decision has not been made yet and other buyers may turn up, with Cloud Software Group also interested in a deal.
(Reporting by Aishwarya Jain in Bengaluru and Milana Vinn in New York; Editing by Vijay Kishore)