Around four years after the takeover, SAP sells the data analysis subsidiary Qualtrics again. The financial investor Silver Lake, together with the Canadian pension fund CPP Investments, will pay 7.7 billion dollars for the 71 percent stake, said Europe’s largest software house. SAP bought Qualtrics from company founder Ryan Smith in 2019 for $8 billion. Silver Lake has the necessary know-how and experience to grow Qualtrics’ business, said SAP CEO Christian Klein. SAP remains a close market and technology partner. The financial investor Silver Lake, which according to the data provider Refinitiv already holds almost 14 percent of Qualtrics and is involved in numerous other technology companies, offers $ 18.15 per share and wants to take the company from the stock exchange. This is an increase of almost 50 percent compared to the end of January.
Software – $7.7 billion for SAP – Economy
