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The price of the deal being discussed is below Informatica’s current stock price of $38.48, which is a potential complication factor, the Journal said.
Salesforce and Informatica did not immediately respond to a Reuters’ request for comment.
Informatica, based out of Redwood (NYSE:RWT) city, California, is a cloud management company and has a market capitalization of about $11.35 billion.
In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks and a dismantled mergers and acquisition committee.
San Francisco based Salesforce has historically had a keen interest in deals and investments.
The customer relationship management technology provider last month led a $106 million funding round for Nvidia (NASDAQ:NVDA) backed Together AI.
Salesforce in 2020 acquired workplace messaging app Slack Technologies (NYSE:WORK) in a $27.7 billion deal, which is the cloud-computing pioneer’s largest acquisition.