Tuesday, 22 May 2012

SAP To Acquire Ariba For $4.3 Billion

SAPBusiness 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.

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