SAP Set to Acquire Israel-based WalkMe in Deal Worth $1.5B

SAP SE (SAP) recently announced that it was set to acquire Israel-based WalkMe in an all-cash deal. The executive and supervisory boards of SAP along with the board of directors of WalkMe had approved the transaction for $14 per share (45% premium to WalkMe's closing share price on Jun 4), bringing the total equity value to $1.5 billion. The acquisition subject to customary closing conditions and regulatory clearances is expected to close in the third quarter of 2024. The buyout is unlikely to have any mate ...