Salesforce shares fell after reports were in talks to acquire Informatica

People pass by the Salesforce Tower and Salesforce.com offices on March 7, 2019 in New York City.

Brendan McDermid | Reuters

sales force Shares of the cloud software company closed down 7% on Monday after reports over the weekend that it was in advanced talks to acquire data management company Informatica.

shares InformaticsThe company, with a market capitalization of about $10 billion, closed down 6% after the report.

According to the “Wall Street Journal” report, the price of this trade-off is lower than Informatica’s closing price of $38.48 on Friday. first reported talks on Friday.Reuters article said the deal could be announced soon. Neither publication provided specific information on the size of the potential deal.

Regardless, it will be Salesforce’s largest deal since its nearly $28 billion acquisition of Slack in 2021, and the company’s largest acquisition to date.

Before Slack, Salesforce acquired data visualization company Tableau for $15.3 billion in 2019 and MuleSoft in 2018 for $6.5 billion.

Salesforce declined to comment on the reports. Informatica did not respond to CNBC’s request for comment.