Informatica (INFA) edged lower by 0.3% after a report about the timing of Salesforce’s $8 billion planned acquisition.
There appears to be some uncertainty whether the Informatica (INFA) deal could close this year even though it has cleared several regulatory hurdles, according to a CTFN report on Thursday, which cited industry sources.
One source familiar with Salesforce’s data teams told the publication that coordination between Salesforce and Informatica (INFA) is still in the “early stages.”
Salesforce and Informatica didn’t respond to CTFN’s requests for comment.
Salesforce (CRM) is scheduled to report Q3 results on Dec. 3 and investors are hoping to find out more about the Informatica deal close timing.
In late May, Salesforce (CRM) announced a deal to pay $25 per share in cash for enterprise cloud software company Informatica (INFA).