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by Salesforce (NYSE:CRM) deals to acquire data management software company Informatica (NYSE:INFA) faded after the parties failed to agree on terms, according to a WSJ report late Sunday, which cited people familiar with the matter.
The update comes after the WSJ on April 12 reported that Salesforce (CRM) was is inside advanced discussions to acquire Informatica (INFA). Salesforce was discussing a price for Informatica around $30 per share, according to the latest WSJ article, which was lower than the price INFA was trading at at the time.
The original WSJ report sent Salesforce (CRM) shares down 7.3% on April 15 as investors didn’t seem to like the prospects of a big deal after Salesforce (CRM) steered away from big acquisitions due to pressure from activist investors. Informatica has a market capitalization of $10.5 billion.
Informatica (INFA) will report first quarter results on May 1.