Tuesday 22 May 2012

SAP plops down a whopping $4.3B for cloud commerce player Ariba

German business software titan SAP has agreed to acquire Sunnyvale, Calif.-based e-commerce business Ariba for an astounding $4.3 billion, the company announced today.

SAP will pay $45 per share for Ariba, a nearly 20 percent premium over its May 21 …

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