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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.20 | 0.79% | 409.86 | 409.82 | 409.88 | 410.23 | 406.3701 | 408.81 | 6,124,356 | 17:08:48 |
From May 2019 to May 2024
By Maria Armental And Angela Chen
Microsoft Corp. and Salesforce.com Inc. have joined private-equity investors Permira Advisers LLC and the Canada Pension Plan Investment Board in the roughly $5.3 billion deal to take private data-software company Informatica Corp.
The size of the stakes by Microsoft and Salesforce wasn't disclosed Thursday in Informatica's news release, which also announced the closing of the deal with Permira and the Canada pension plan. The deal represents the largest leveraged buyout so far this year, The Wall Street Journal has reported.
Under the terms of the deal, which The Journal had previously reported, stockholders received $48.75 in cash, less taxes, for each share they owned.
The Vanguard Group, BlackRock Fund Advisors and Elliott Management Corp. were the largest shareholders as of March 31, according to regulatory filings.
"Now as a private company, with a long view measured in years, not quarters, we will have more flexibility and more time to implement our transformative innovation road map and to evolve our business model," said Sohaib Abbasi in a news release. He will stay on as chairman.
Founded in 1993, Informatica, which will stop trading Thursday on Nasdaq, helps companies organize and analyze broad swaths of information, tapping the growing demand for help with managing what is known as big data. The company had revenue of around $1 billion in 2014, up about 11%.
Chief product officer Anil Chakravarthy has taken on the acting chief executive post, while former Adobe Systems Inc. CEO Bruce Chizen has joined Informatica as special adviser.
As of Dec. 31, Informatica had 1,237 workers and research and development centers in 10 countries, according to regulatory filings.
Write to Maria Armental at maria.armental@wsj.com and Angela Chen at angela.chen@wsj.com
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