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    HomeNewsBusinessSAP to acquire Israel-based WalkMe

    SAP to acquire Israel-based WalkMe

    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.

    Reuters
    June 05, 2024 / 18:22 IST
    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.

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

    Shares in the latter were up 42% in premarket indications to $13.7 at 0904 GMT, while SAP’s were broadly flat.

    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.

    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.

    Reuters
    first published: Jun 5, 2024 06:22 pm

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