Germany’s software firm SAP said it will acquire WalkMe, a Saas company headquartered in Tel Aviv.
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.
Source: Economic Times 