05:16 AM EDT, 04/22/2024 (MT Newswires) -- Salesforce ( CRM ) has backed out of negotiations to acquire Informatica ( INFA ) after the companies failed to agree on transaction terms, Reuters and The Wall Street Journal reported on Sunday, citing unnamed sources familiar with the matter.

According to the reports, the companies were in advanced talks for the transaction. The Wall Street Journal had reported that the companies were discussing a price of mid-$30s per Informatica ( INFA ) share.

Salesforce ( CRM ) and Informatica ( INFA ) did not immediately respond to MT Newswires' requests for comment.