SAP acquires WalkMe for $1.5 billion in cash deal

SAP

German software producer WalkMe

web-based service

Highlights

German software giant SAP has agreed to acquire WalkMe in a $1.5 billion all-cash deal.
The acquisition is set to strengthen SAP's position in the software market.
The deal marks a significant milestone for both companies in the tech industry.

Story

German software giant SAP is buying WalkMe for $1.5 billion in cash. WalkMe helps organizations with things like productivity and risk. This deal will make SAP's business management better, especially with AI. The CEOs of both companies are happy about the deal. WalkMe will still work with other apps, not just SAP's. The deal should be done by the third quarter after getting the needed approvals. The $1.5 billion offer is a 45% increase from WalkMe's previous share price. WalkMe's shares went up by 42% after the news, while SAP's shares went up by 0.84%.

Opinions

You've reached the end