SAP to buy Ariba, boosts cloud bet
(Reuters) - Top European software company SAP AG plans to buy U.S. software maker Ariba Inc in a deal valuing the company at $4.3 billion in a bid to compete more aggressively against rival Oracle in the fast-growing cloud computing market. SAP and Ariba, a darling of the first dotcom boom that has since reinvented itself as a major networking and online commerce software developer, have agreed to the acquisition at $45 a share, a 20 percent premium over Monday's closing price. ...
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