Salesforce Acquisition of Informatica for $8 Billion in Equity Value
Salesforce has signed a definitive agreement to acquire cloud platform company Informatica for $25 a share, totaling $8 billion in equity value. This acquisition led to a surge in Informatica's stock price by 17% initially and an additional 5.5% after the deal confirmation. Salesforce's stock also experienced positive movement, increasing by 1.1%. The acquisition news has significant implications for both companies and the tech industry as a whole.