Shareholders say yes: SAP overcomes hurdle in Ariba purchase


Shareholders of the US company voted on Wednesday for a shareholder meeting for the business, as the two companies jointly announced. However, SAP still has to be patient. It remains the release of the competition guard. The US Department of Justice is examining the merger in detail. The companies had to postpone the closing date for the acquisition from the third to the fourth quarter.

SAP announced the acquisition in May. Ariba offers companies trading networks - such as buying and selling platforms. Ariba relies on the so-called cloud, ie programs that are centrally running on the Internet or in company networks and data stored there. The acquisition is considered an important move in wrestling with the arch rival Oracle. (Dpa / tc)