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.
Writing by Paul Carrel; Editing by Christopher Cushing
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