Reuters
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(Reuters) -Salesforce is nearing a roughly $8 billion deal for data-management software firm Informatica, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The cloud-software giant is expected to pay $25 per share for Informatica, in a deal set to be announced later in the day, the report said.
Salesforce and Informatica did not immediately respond to Reuters' requests for comment. Informatica shares jumped 7% to $24.1 in premarket trading, while Salesforce stock was up 1.6%.
Informatica is exploring a sale after attracting renewed takeover interest from suitors, including Salesforce, a person familiar with the matter told Reuters on Friday.
Salesforce and Informatica abandoned their advanced talks for a deal in April 2024 after failing to agree on the terms.
(Reporting by Aditya Soni in Bengaluru; Editing by Leroy Leo)
