SAP Buys WalkMe in $1.5B Deal Boosting AI Offerings

Key Takeaways German business software developer SAP (SAP) agreed to buy digital adoption platform provider WalkMe (WKME) for $1.5 billion in cash, in a deal set to boost SAP's artificial intelligence (AI) offerings. SAP announced Wednesday that the agreement would pay WalkMe investors$14 per share, a 45.2% premium to WalkMe's closing price Tuesday. WalkMe shares skyrocketed in intraday trading Wednesday, almost reaching the offer price level after the announcement. How WalkMe Will Add to SAP Offerings Tel ...