Salesforce.com (CRM) is is in late-stage talks to buy data-management software maker Informatica (INFA), The Wall Street Journal reported Friday night, citing sources.

X

But the potential deal price being discussed is below Informatica stock’s Friday close of 38.48. INFA stock has soared 43% in 2024 in part on takeover buzz, giving it a market capitalization of $11.20 billion.

Informatica helps companies manage data in the cloud and on site, and has recently rolled artificial intelligence tools.

Salesforce stock fell 1.6% to 294.32 on Friday, falling below its 50-day line. CRM stock has a 318.71 flat-base buy point.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

YOU MIGHT ALSO LIKE:

Why This IBD Tool Simplifies The Search For Top Stocks

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

Tesla FSD Subscription Price Slashed To $99 A Month

Market Breaks Expectations As Fears Spike; Here’s What To Do Now