SAP to acquire Israel-based WalkMe (updated)

Walkme

05/06/2024 10:30

(Adds shares in par 2)
       June 5 (Reuters) - German software firm SAP  SAPG.DE 
said on Wednesday it will acquire WalkMe  WKME.O , a Saas
company headquartered in Tel Aviv.
   Shares in the latter were up 42% in premarket indications to
$13.7 at 0904 GMT, while SAP's were broadly flat.
    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.

 (Reporting by Paolo Laudani
Editing by Madeline Chambers)
 ((Paolo.Laudani@thomsonreuters.com;))