Salesforce Ends Acquisition Talks with Informatica, Shares React Differently
Salesforce's stock rises following the termination of acquisition discussions with Informatica, while Informatica's shares experience a significant drop.
- Salesforce's decision to halt acquisition talks with Informatica led to a 3% increase in its stock price.
- Informatica's shares fell nearly 10% after the announcement, worsening its market position.
- The breakdown in talks was due to disagreements over acquisition terms, despite advanced negotiations.
- Informatica reaffirmed its financial forecasts, expecting to hit the upper range of its previous estimates.
- The potential deal, valued at around $10 billion, would have been Salesforce's largest since acquiring Slack in 2021.