SAP to acquire Israel-based WalkMe-March 2024-www.financetom.com

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SAP to acquire Israel-based WalkMe

Jun 5, 2024 2:47 AM

June 5 (Reuters) - Germany's software firm SAP

said on Wednesday it will acquire WalkMe ( WKME ), 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 ( WKME ) 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.

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