Sap agrees to sell its stake in qualtrics as part of qualtrics acquisition by silver lake and cpp investments

Walldorf, germany , march 13, 2023 /prnewswire/ -- sap se (nyse: sap), today announced it has agreed to sell all of its 423 million shares of qualtrics international inc. as part of the acquisition of qualtrics by funds affiliated with silver lake (collectively, "silver lake") as well as canada pension plan investment board (cpp investments). at a purchase price of us$18.15 in cash per share, the transaction corresponds to a qualtrics equity value of approximately us$12.5 billion on a fully diluted basis, representing a 73% premium over the 30-day average trading price prior to sap's announcement to explore a sale (approx.
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