Salesforce in Advanced Talks to Acquire Informatica for $5.4 Billion Despite Recent Activist Pressure

Salesforce is reportedly in advanced talks to acquire data management company Informatica for around $38 per share, according to WSJ
Deal would allow Salesforce to boost its data integration and management capabilities by tapping into Informatica's products
Salesforce CEO Marc Benioff recently avoided a proxy fight with activists who wanted him to cut costs and boost profitability rather than do large M&A deals
Informatica shares closed above the reported offer price last Friday, so question is if Benioff can get them to accept less than that
RBC analyst Rishi Jaluria sees positives in data integration strategy but questions necessity of Salesforce owning Informatica rather than partnering