SAP to buy Ariba for $4.5 billion

Reuters News
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Posted: May 27, 2012 10:04 AM
SAP to buy Ariba for $4.5 billion

(Reuters) - SAP AG <SAPG.DE> said it would buy software and information technology services company Ariba Inc <ARBA.O> for about $4.5 billion in cash.

The $45 per share offer represents a premium of nearly 20 percent to Ariba's close on Monday.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Viraj Nair)