SAP agrees to sell Qualtrics stake for $7.7 bln
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.
Our Standards: The Thomson Reuters Trust Principles.
- DealsExclusive: Brookfield nears 3.5 bln euro deal for Data4 -sources
Brookfield Asset Management is in exclusive talks to acquire a majority stake in Data4, in a deal that could value the data center operator at close to 3.5 billion euros ($3.8 billion) including debt, people familiar with the matter said.