Salesforce is buying Informatica in deal worth approximately $8 billion
By Michelle Chapman
FILE - People walk past the Salesforce Tower in New York on Thursday, May 8, 2025. (AP Photo/Ted Shaffrey, File)
Salesforce is buying AI-powered cloud data management company Informatica in an approximately $8 billion deal.
Informatica’s shareholders will receive $25 per share, a premium of about 11% from Friday’s closing price of $22.55.
The transaction will give Salesforce access to Informatica’s data management capabilities.
Informatica was taken private in 2015 by private equity firm Permira and the Canada Pension Plan Investment Board for about $5.3 billion. It went public again in 2021.
“Joining forces with Salesforce represents a significant leap forward in our journey to bring data and AI to life by empowering businesses with the transformative power of their most critical asset — their data,” Informatica CEO Amit Walia said in a statement on Tuesday. “We have a shared vision for how we can help organizations harness the full value of their data in the AI era.”
Robin Washington, president and chief operating and financial officer at Salesforce, said in a statement that the acquisition will look to take advantage of Informatica’s capabilities quickly, particularly in areas such as the public sector, life sciences, health care, and financial services. San Francisco-based Salesforce is set to report its quarterly financial results Wednesday after the bell.
Both companies’ boards have approved the deal, which is expected to close early in Salesforce’s fiscal 2027.
Shares of Salesforce rose slightly before the market open, while Informatica’s stock jumped 5.7%.
Phoebe Gates and Sophia Kianni introduce Phia, a fashion tech startup that helps users find price comparisons and discover alternative options for apparel
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Microsoft says users of its Azure cloud portal may be not be able to access Office 365, Minecraft or other services due to issues with its global content delivery network services. The tech company posted a note to its Azure status page that its teams are currently deploying a fix to address the outage.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
A new poll finds that as the United States rapidly builds massive data centers for the development of artificial intelligence, many Americans are concerned about the environmental impact.
