Informatica says it’s not for sale, following Salesforce’s reported interest in $10 billion deal

CNBC April 22, 2024
Rohan Goswami

Key Points

– Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal for the enterprise software company.

– The company’s shares plunged 7% on the news, while shares of Salesforce rose.

– Salesforce CEO Marc Benioff had attracted scrutiny before for a free-spending approach to acquisitions, including the purchases of Slack and Tableau.

Enterprise data management company Informatica is not currently in talks to be acquired, the company said Monday, after earlier reports suggested that Salesforce was interested in a roughly $10 billion deal.

Informatica shares slumped more than 7% on the news, while Salesforce shares rose around 1%. The acquisition would have...

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