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 per cent to $24.1 in premarket trading, while Salesforce stock was up 1.6 per cent.
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.
