SAP: SAP to acquire Israel-based WalkMe

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Germany’s software firm SAP said on Wednesday it will acquire WalkMe, a Saas company headquartered in Tel Aviv.

Both companies’ boards have approved the transaction for $14 per share, a premium of 45% on WalkMe’s last closing price, they said in a joint statement.

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The acquisition, still subject to customary closing conditions, amounts to a total value of around $1.5 billion and is expected to close in this year’s third quarter.

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SAP: SAP to acquire Israel-based WalkMe


Germany’s software firm SAP said on Wednesday it will acquire WalkMe, a Saas company headquartered in Tel Aviv.

Both companies’ boards have approved the transaction for $14 per share, a premium of 45% on WalkMe’s last closing price, they said in a joint statement.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business Professional Certificate in Product Management Visit
IIT Delhi Certificate Programme in Data Science & Machine Learning Visit
MIT xPRO MIT Technology Leadership and Innovation Visit

The acquisition, still subject to customary closing conditions, amounts to a total value of around $1.5 billion and is expected to close in this year’s third quarter.

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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