Salesforce's Talks to Buy Informatica Fizzle, WSJ Reports usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
(Reuters) -Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on Sunday. If the two sides had agreed on a deal, it would've ranked as one of Salesforce's biggest acquisitions. Salesforce and Informatica did not immediately respond to requests for comment from Reuters.
Talks between customer relations
software maker Salesforce and data-management software
firm Informatica have failed after the companies could
not agree on terms, the Wall Street Journal reported on.
In an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday. Under the terms being discussed, National Amusements, which controls Paramount, would receive over $2 billion in cash in the first step of the transaction, according to the report. Separately, Skydance could provide a substantial cash infusion to Paramount, owner of the Paramount Pictures film studio, to bolster its balance sheet and help pay down debt, the Journal said, citing people familiar with the matter.
A deal between Paramount Global
and Skydance Media could see the media conglomerate
acquire the independent studio
in an all-stock transaction valued at around $5 billion, the
Wall Street Journal.