Salesforce Shares Retreat 5.7% After WSJ Report of Talks to Acquire Informatica

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Salesforce shares were down 5.7% following a report that the company is in advanced talks to acquire data-management software provider Informatica. Its also currently the worst performer in the Dow Jones Industrial Average and S&P 500. A deal by the business-software provider would rank among its largest and be the biggest since it closed on the roughly $28 billion acquisition of workplace-collaboration products company Slack Technologies in 2021. The potential deal was first reported by The Wall Street Journal, which noted one potential complicating factor. The Journal reported that the price being discussed was below Informaticas closing price on Friday of $38.48 as a result of its recent jump propelled by traders betting on a deal.

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