Walldorf, Germany — May 22
SAP AG and Ariba Inc. have announced that SAP’s subsidiary, SAP America Inc., has acquired cloud-based business Ariba for roughly $4.3 billion.
The acquisition will combine Ariba’s buyer-seller collaboration network with SAP’s customer base and business process expertise to create new models for business-to-business collaboration in the cloud.
The Ariba board of directors has unanimously approved the transaction. The per share purchase price represents a 20 percent premium over the May 21 closing price and a 19 percent premium over the one month volume weighted average price per share.
The transaction will be funded from SAP’s free cash and is expected to close in the third quarter of this year, subject to Ariba stockholder approval.
For more detials on the deal, click here.