Salesforce drops after reports it's in talks to acquire Informatica

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People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019. Salesforce shares closed down 7% on Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica. Shares of Informatica , which has a market cap of around $10 billion, closed down 6% 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. Neither publication provided specifics on the size of a potential transaction. Regardless, it would be Salesforce's largest deal since purchasing Slack for nearly $28 billion in 2021, the company's largest acquisition to date. Prior to 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 didn't respond to CNBC's request for comment.