Informatica going private in $5.3 billion sale

NEW YORK (AP) — Informatica Corp. is being acquired by private equity firms Permira funds and Canada Pension Plan Investment Board for about $5.3 billion.

Under the deal, shareholders of the data and software company will receive $48.75 per share in cash, a 6.4 percent premium to Monday's closing price of $45.83.

The deal will take the company private and it is expected to be completed in either the second or third quarter.

The Redwood City, Calif.-based company helps other companies organize and store data.

Its shares jumped rose $2.37, or 5.2 percent, to $48.20 in premarket trading today.