Salesforce's Potential Acquisition of Informatica Sends Stocks Tumbling

Salesforce shares dropped 7% after reports emerged that the company is in advanced talks to acquire data-management firm Informatica, causing Informatica's shares to fall 6%. With a market cap of over $10 billion, Informatica would be Salesforce's largest purchase since acquiring Slack for nearly $28 billion in 2021. The potential deal's price is reportedly below Informatica's closing stock price on Friday, and if finalized, it would mark Salesforce's largest acquisition since purchasing Slack. Salesforce declined to comment on the reports, and Informatica did not respond to requests for comment.