08:49 AM EDT, 06/05/2024 (MT Newswires) -- Technology stocks were advancing premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was marginally up and the iShares Expanded Tech Sector ETF (IGM) was 1.7% higher recently.

SAP (SAP) said it has entered a definitive agreement to acquire digital adoption platform company WalkMe ( WKME ) for an equity value of about $1.5 billion. WalkMe ( WKME ) rallied almost 42% pre-bell.