SAP agrees to sell Qualtrics stake for $7.7 bln

Qualtrics International

13/03/2023 06:05

BERLIN, March 13 (Reuters) - Software group SAP
 SAPG.DE  said on Monday it had agreed to sell its stake in data
analytics firm Qualtrics  XM.O  for $7.7 billion as part of the
acquisition of Qualtrics by funds affiliated with financial
investor Silver Lake.
    "At a purchase price of US$18.15 in cash per share, the
transaction corresponds to a Qualtrics equity value of
approximately US$12.5 billion on a fully diluted basis," SAP
said in a statement.
    "SAP's stake will be acquired for approximately US$7.7
billion," it added.

 (Writing by Paul Carrel; Editing by Christopher Cushing)
 ((paul.carrel@thomsonreuters.com))