SAP SE Acquires Israel-based WalkMe at a Valuation of $1.5 Billion in Cash

German software firm SAP SE (SAP) on June 5, 2024, entered into a definitive merger agreement to acquire Tel Aviv-based WalkMe Ltd. (WKME) for $1.5 billion.

Deal Structure:

Under the terms of the agreement, SAP will acquire all outstanding shares of WalkMe for $14 per share in cash, representing a premium of 45.23% from the stock’s last close.

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