SAP Acquires WalkMe for $1.5 Billion with 45% Premium, Shares Surge 42%

Jun 5, 2024, 05:35 PM

WalkMe shares surged by 42% in premarket trading on June 5, 2024, following the announcement of its acquisition by SAP. SAP is acquiring WalkMe, an application usability specialist, for $1.5 billion. This acquisition comes as WalkMe has faced challenges in growth since its IPO and had a market cap of approximately $850 million. SAP is paying a 45% premium for WalkMe. WalkMe's CEO, Dan Adika, expressed optimism about the deal.