DOJ clears SAP's $4.3 billion Ariba acquisition; to close next week
Tom Paine
SAP AG and Ariba Inc. announced yesterday that the U.S. Department of Justice has terminated the waiting period under the Hart-Scott-Rodino Act, which allows SAP's acquisition of Ariba to be completed. The companies say they plan to close the acquisition in the first week of October.
SAP annnounced an agreement to acquire California-based Ariba for $4.3 billion in May. Ariba provides a cloud-based service for B2B business commerce and procurement.
SAP and Ariba had received a second request for information from DOJ in early July.
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