Jamie McKane
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SAP to acquire Qualtrics for $8 billion
SAP SE, Europe’s biggest technology company, has agreed to buy Qualtrics International Inc. for $8 billion in cash, pre-empting the U.S. enterprise software company ’s plans to go public.
Germany’s SAP, led by Chief Executive Officer Bill McDermott, has secured financing of 7 billion euros ($7.9 billion) to cover the purchase price and acquisition-related costs, according to a statement Monday.
[Bloomberg]
SAP SE, Europe’s biggest technology company, has agreed to buy Qualtrics International Inc. for $8 billion in cash, pre-empting the U.S. enterprise software company ’s plans to go public.
Germany’s SAP, led by Chief Executive Officer Bill McDermott, has secured financing of 7 billion euros ($7.9 billion) to cover the purchase price and acquisition-related costs, according to a statement Monday.
[Bloomberg]
