People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019.
Brendan McDermid | Reuters
Salesforce stock fell 5% Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica.
Shares of Informatica dropped 9% Monday following the reports.
The price being weighed is below Informatica's closing stock price on Friday of $38.48, according to The Wall Street Journal, which first reported the talks on Friday. A Reuters article said the deal could be announced soon.
If the deal is made, it would mark Salesforce's latest in a series of acquisitions in recent years. It would also be its largest deal since purchasing workplace chat developer Slack for nearly $28 billion in 2021, Salesforce's largest acquisition to date.
Before paying for Slack, Salesforce bought data visualization company Tableau for $15.3 billion in 2019, and MuleSoft for $6.5 billion in 2018.
Salesforce declined to comment on the reports. Informatica, which is based in Redwood City, California, did not immediately respond to CNBC's request for comment.
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