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SAP Ponders Another Bid for BlackLine Following the Rejection of a $4.5 Billion Offer
2 week ago /
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Author：小编
This June, SAP, the largest software provider in Europe, put forward a proposal to acquire BlackLine, an accounting software company, for approximately $4.5 billion. However, this offer met with rejection. At present, SAP is deliberating whether to make another acquisition bid and is working in tandem with JPMorgan Chase to further this endeavor. Clearlake Capital, a private equity firm, owns nearly a 9% stake in BlackLine. As a significant shareholder, it has a voice in the potential sale. Additionally, Vanguard Group and BlackRock are also prominent shareholders of BlackLine.
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