Informatica Inc. (NYSE:INFA) is not currently engaged in any discussions to be acquired, the company said on April 22, 2024, after media reports of takeover interest from Salesforce, Inc. (NYSE:CRM). Shares of Informatica were down around 7% in early trading, at a market value of $10.38 billion according to LSEG data. Salesforce backed way from its talks to acquire Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on April 21, 2024.

Reuters reported earlier this month that the talks were at an advanced stage. The business software maker was discussing a price of around mid-$30s a share for Informatica, according to the Wall Street Journal. Salesforce did not immediately respond to a Reuters request for comment on April 22, 2024.