Wall Street doesn’t seem too keen on a potential Salesforce-Informatica pairing

image via TechCrunch

April 19, 2024, 5:09 PM

Investors are not happy with the idea of Salesforce buying Informatica, a legacy data management company that predates the cloud. Salesforce stock price has dropped since the news broke, and Informatica stock price has also dropped. Salesforce could be repositioning itself as a data company, but analysts are skeptical that the deal makes sense.

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