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You are here: Home / entrepreneur / Live news updates from March 6: Taiwan’s president to visit US, Tesla enacts second price cut of 2023

Mar 06 2023

Live news updates from March 6: Taiwan’s president to visit US, Tesla enacts second price cut of 2023

US private equity group Silver Lake and one of Canada’s largest pension funds have offered to buy Qualtrics for $12.4bn in what would be one of the largest deals of the year.

The potential transaction comes as SAP, Qualtrics’ majority owner, looks to divest a 71 per cent stake as part of restructuring at the German software group.

SAP acquired Qualtrics, a seller of software tools companies use to survey customers and employees, for $8bn in 2018 and listed it in the US three years later.

After notifying shareholders of its plan to divest its stake, Silver Lake, which owns a 4.1 per cent stake in Qualtrics, expressed interest in taking the Utah-based software company private last month.

Silver Lake and Canada Pension Plan Investment Board, its partner on the proposed buyout, are offering to pay $18.15 for Qualtrics, or a 6 per cent premium to Friday’s closing share price.

The price represents a 73 per cent premium from Qualtrics trading value before SAP notified shareholders of its intent to divest its stake.

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Live news updates from March 6: Taiwan’s president to visit US, Tesla enacts second price cut of 2023 Republished from Source https://www.ft.com/content/8a48acd5-4f34-4314-9b59-31bc3c63ec84 via https://www.ft.com/companies/technology?format=rss

Written by bizbuildermike · Categorized: entrepreneur, Technology · Tagged: entrepreneur, Technology

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