People walk past the Salesforce Tower and the Salesforce.com offices in New York on March 7, 2019.
Brendan McDermid | Reuters
Selling power The stock fell 5% Monday after reports over the weekend that the cloud software company was in advanced talks to buy data management company Informatica.
Actions of Computer science fell 9% on Monday following the reports.
The blended price is lower than Informatica’s stock closing price Friday of $38.48, according to the Wall Street Journal, which first reported the trading Friday. A Reuters report indicates that the deal could be announced soon.
If the deal goes through, it would be the latest in a series of acquisitions Salesforce has made in recent years. It would also be its biggest deal since purchasing workplace chat developer Slack for nearly $28 billion in 2021 – Salesforce’s largest acquisition to date.
Before paying for Slack, Salesforce purchased data visualization company Tableau for $15.3 billion in 2019 and MuleSoft for $6.5 billion in 2018.
Salesforce declined to comment on these reports. Informatica, based in Redwood City, California, did not immediately respond to a request for comment.
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