SAP sells its stake in Qualtrics
More than 400 million shares of Qualtrics are changing hands. Silver Lake and CPP Investments are buying the software company specialized in experience management from SAP for about 7.7 billion dollars. The transaction is now only awaiting the usual regulatory approvals.
SAP SE acquired Qualtrics in 2019. Since then, the company’s revenue has more than tripled, and the number of its users has increased from 10,000 to 18,000. SAP is now divesting all of its 423 million Qualtrics shares. The company is bought by investment funds related to Silver Lake and the Canada Pension Plan Investment Board.
The transaction, carried out at a price of $18.15 per share, corresponds to a company value of $12.5 billion and represents a 73 percent premium compared to the average of the 30 days prior to the announcement of SAP’s intention to sell (compared to the closing price on January 25, before the announcement, the premium is approximately 62 percent). SAP’s share package changes hands for about 7.7 billion dollars.
The agreement is the result of a process that began on January 26, during which the joint offer of Silver Lake and CPP Investments proved to be the best.
Related news
Wizz Air and Airbus are jointly testing sustainable jet fuel
Wizz Air and Airbus are jointly testing sustainable aviation fuel…
Read more >It is time for the relevant company managers to see clearly about the importance of the SAP S/4HANA transition
With the involvement of customers and partners, SAP Hungary conducted…
Read more >SAP Business AI speeds up the operation of an e-sports team
The Team Liquid team, one of the most well-known e-sports…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >