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Salesforce’s (NYSE:CRM) talks to acquire data-management software company Informatica (NYSE:INFA) have fizzled out after the parties couldn’t agree on terms, according to a WSJ report late Sunday, which cited people familiar with the matter.
The update comes after the WSJ on April 12 reported that Salesforce (CRM) was is in advanced discussions to acquire Informatica (INFA). Salesforce was discussing a price for Informatica in the mid-$30s a share, according to the latest WSJ item, which was below the price where INFA had been trading at the time.
The original WSJ report sent Salesforce (CRM) shares down 7.3% on April 15 as investors didn’t appear to like the prospects of a large deal after Salesforce (CRM) had moved away from large acquisitions amid pressure from activist investors. Informatica has market cap of $10.5 billion.
Informatica (INFA) is scheduled to report its Q1 results on May 1.
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