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Telecomunicaciones y tecnología

SAP to buy Ariba, enterprise value $4.3 billion


    (Reuters) - SAP AG said it would buy smaller software maker Ariba Inc for $45 a share, representing an enterprise value of about $4.3 billion, the latest in a string of acquisitions to help fuel revenue growth at the German technology company.

    Ariba shares were about up about 19.2 percent to $44.88 on Nasdaq on Tuesday. Ariba shares had been halted prior to the announcement.

    SAP (SAP.XE)said the transaction would be funded from its free cash and a 2.4 billion euro ($3.06 billion) term loan facility.

    It said it expected the deal to close in the third quarter of this year.

    Reporting by Jim Finkle in Boston Sayantani Ghosh in Bangalore; Editing by Viraj Nair and Carol Bishopric)