{"id":549,"date":"2020-07-27T06:37:11","date_gmt":"2020-07-27T06:37:11","guid":{"rendered":"https:\/\/businessner.com\/?p=549"},"modified":"2020-07-28T14:32:15","modified_gmt":"2020-07-28T14:32:15","slug":"sap-announces-intent-to-spin-its-8-billion-acquisition-qualtrics","status":"publish","type":"post","link":"https:\/\/businessner.com\/sap-announces-intent-to-spin-its-8-billion-acquisition-qualtrics\/","title":{"rendered":"SAP Announces Intent to Spin Its $8 Billion Acquisition Qualtrics"},"content":{"rendered":"
Business software group SAP\u00a0said on Sunday it planned to float Qualtrics, the U.S. specialist in measuring online customer sentiment, which it acquired in late 2018 for $8 billion.<\/p>\n
Here are the details in a nutshell:<\/strong><\/p>\n SAP would retain a controlling stake in Qualtrics, which will remain an integral part of its “Intelligent Enterprise” strategy, SAP CEO Christian Klein said. “We are in it for the long run,” he told reporters on a conference call.<\/p>\n Today we announced\u202fthat we intend to list @Qualtrics<\/a> in a U.S. initial public offering with @SAP<\/a> as the majority shareholder. https:\/\/t.co\/YHTmgJQ7gM<\/a><\/p>\n — Christian Klein (@ChrstnKlein) July 26, 2020<\/a><\/p><\/blockquote>\n \n
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