German software firm SAP said on Wednesday it will acquire WalkMe, a Saas company headquartered in Tel Aviv.
The acquisition, still subject to customary closing conditions © Mena Today
German software firm SAP said on Wednesday it will acquire WalkMe, a Saas company headquartered in Tel Aviv.
Shares in the latter were up 42% in premarket indications to $13.7 at 0904 GMT, while SAP's were broadly flat.
Both companies' boards have approved the transaction for $14 per share, a premium of 45% on WalkMe's last closing price, they said in a joint statement.
The acquisition, still subject to customary closing conditions, amounts to a total value of around $1.5 billion and is expected to close in this year's third quarter.
WalkMe is an Israeli technology company that specializes in digital adoption solutions. Founded in 2011 by Dan Adika, Rafael Sweary, Eyal Cohen, and Yuval Shalom Ozanna, the company aims to simplify the user experience on digital platforms by providing step-by-step guidance, insights, and automation.
Reporting by Paolo Laudani
Israeli forces killed four people in southern Lebanon on Monday, Lebanon's National News Agency reported, citing the health ministry, in two separate strikes that the Israeli military said targeted members of the Shi'ite Muslim armed group Hezbollah.
The Democratic Republic of Congo (DRC) has agreed to ship copper to Saudi Arabia and the United Arab Emirates under a new, US-backed partnership aimed at weakening China’s grip on global supplies of critical minerals.
Israel has taken steps to help settlers acquire land in the occupied West Bank and widen its powers in parts of the territory where Palestinians have some self-rule - measures they said aimed to undermine the two-state solution.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.