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Germany: SAP closes Ariba acquisition for $4.51 billion

By  |  October 2, 2012

German business software developer SAP AG said Monday that it has closed its $4.51 billion acquisition of Ariba Inc., a maker of Web-based software that connects suppliers and buyers online. The deal continues SAP’s rivalry with Oracle Corp, where both companies are buying up smaller companies, like Ariba, which provide software that is hosted on remote servers or on the Cloud. Cloud-based applications remove the need for businesses to install and run software in-house.

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    Full Content: Bloomberg Businessweek

    Antitrust related content: Competition and Privacy in Web 2.0 and the Cloud by Randal Picker (University of Chicago Law School)

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