The price indicates that investors expect the deal to be consummated at the price SAP is offering. Ariba shares closed Tuesday at $44.87, up $7.23, or 19 percent. SAP said it is offering $45 per share for Sunnyvale, Calif.-based Ariba. In April, Redwood Shores, Calif.-based Oracle closed on the $1.9 billion acquisition of Taleo Corp., which provides cloud-based software that helps companies recruit and manage employees. Both companies are buying up smaller ones that, like Ariba, provide software that's hosted on remote servers, in the so-called "cloud." Cloud-based applications remove the need for businesses to install and run software in-house.
The deal continues Germany-based SAP's rivalry with database maker Oracle Corp.
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