(Bloomberg) — Salesforce Inc.’s Marc Benioff is pursuing what would be one of the company’s biggest-ever deals after fending off activist investors critical of his reliance on acquisitions. Most Read from Bloomberg Benioff is in talks to buy Informatica Inc., according to people familiar with the matter, in a move that would add to Salesforce’s […]
(Bloomberg) — Salesforce Inc.’s Marc Benioff is pursuing what would be one of the company’s biggest-ever deals after fending of activists investors critical of his reliance on acquisitions. Most Read from Bloomberg This time Benioff is targeting Informatica Inc., according to people familiar with the matter, in a move that would add to Salesforce’s data […]
By Anirban Sen (Reuters) -Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential. The […]
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 […]
Artificial intelligence giants like Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META) and Alphabet (GOOGL) continue to grab headlines as Magnificent Seven stocks. But Salesforce.com (CRM) clearly demands a spot on any list of AI stocks to watch.
Billionaire Salesforce CEO Marc Benioff has deep-rooted connections to Hawaii, and he’s been suspiciously quiet about them for the most part. He has long maintained a beachside mansion in Waimea, and recently got caught buying up swaths of land in Hawaii, which was all revealed in an NPR exposé. He’s also infamous for referring to […]
(Bloomberg) — Salesforce Inc. gave a lackluster annual sales forecast, but investors were pleased by the company’s continued profitability, a first-ever dividend and an increase in share buybacks. Most Read from Bloomberg Revenue will increase about 9% to as much as $38 billion in the year ending January 2025, the San Francisco-based company said Wednesday […]
By Zaheer Kachwala (Reuters) -Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company’s downbeat forecast signals a likely slowdown in cloud and tech spending as clients grapple with high […]
Salesforce will pause all hiring in technology and product divisions, including in its chat subsidiary Slack, according to a message from Ross Harmes, chief of staff to the Slack CTO, seen by Fortune. “This isn’t our first rodeo with hiring pauses, but it’s definitely disruptive and will affect our plans in Q1 and beyond,” Harmes […]