Dhaka, May 27 -- powered cloud data management company Informatica in an approximately $8 billion deal.

Informatica's shareholders will receive $25 per share, a premium of about 11% from Friday's closing price of $22.55.

The transaction will give Salesforce access to Informatica's data management capabilities, AP reports.

"Joining forces with Salesforce represents a significant leap forward in our journey to bring data and AI to life by empowering businesses with the transformative power of their most critical asset - their data," Informatica CEO Amit Walia said in a statement on Tuesday. "We have a shared vision for how we can help organizations harness the full value of their data in the AI era."

Robin Washington, president and chie...