Business software giant SAP announced today that it will acquire Ariba's cloud -based business commerce network for approximately $4.3 billion. SAP's subsidiary, SAP America, Inc., is offering $45 per share for the platform, and plans to close the deal during the third quarter, pending Ariba shareholder approval of the sale. Ariba had 100.2 million shares on the market, as of March 31st, according to an AP report citing FactSet data.
The corralling of the cloud continues. SAP has announced a $4.3 billion takeover of Ariba in an effort to expand its cloud-based e-commerce offerings, ramping up its battle with other tech giants clamoring to get in the computing tr... Read Post
Moments ago, SAP announced it would acquire Ariba. According to the news, "SAP AG and Ariba announced that SAP's subsidiary, SAP America, Inc., has entered into an agreement to acquire Ariba for $45.00 per share, representing an ent... Read Post