Salesforce acquires Informatica for $8 billion

Salesforce has acquired cloud data management firm Informatica in an $8 billion equity deal, marking a major move in its push to strengthen its AI and data infrastructure capabilities.The announcement, made Tuesday, comes about a year after early rumors of the acquisition sent both companies’ stock prices sliding. At the time, Informatica denied it was for sale, but a lot can change in a year. Under the terms of the deal, Salesforce will pay $25 in cash per share for Informatica’s Class A and Class B-1 co ...