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SAP acquires leading cloud-based business commerce network Ariba for $4.3 billion

October 2012

Client(s) SAP AG

Jones Day advised SAP AG in its $4.3 billion acquisition of Ariba, Inc. SAP acquired Ariba for $45.00 per share. The transaction was funded from SAP’s free cash and a €2.4 billion term loan facility. The Ariba board of directors unanimously approved the transaction. The transaction had been subject to Ariba stockholder approval, clearances by relevant regulatory authorities and other customary closing conditions.

In addition to M&A representation, Jones Day provided antitrust, intellectual property, employee benefits, regulatory, labor and employment, and tax advice regarding this transaction. A global multi-office team coordinated the merger notifications worldwide, helping to arrange antitrust clearances in Australia, Austria, Brazil, the United Kingdom, and the United States.

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