Eduardo Sifuentes
preCharge News BUSINESS — Salesforce announced it will acquire cloud data management company Informatica in an $8 billion deal, after a deal between both fell apart last year.
Shares of Informatica jumped more than 5% in premarket trading Tuesday.
INFA (U.S.: NYSE)
Shares of Salesforce added 1%
CRM (U.S.: NYSE)
The news comes as M&A activity is rebounding this month and larger deals are taking place, as the appetite for dealmaking came back quickly after President Donald Trump suspended most of his tariffs and market jitters took a backseat.
More than 300 deals collectively valued at more than $125 billion have were struck this month as of May 20, according to data compiled by Mergermarket. April was a significantly lower month for deal activity compared to March.
This is a developing news. More information will be provided as soon as it becomes available.
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Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.
