Deals
SAP Says It’s Open to Acquisitions After Qualtrics Sale
- CFO says planned buyback won’t impact potential acquisitions
- Company announced a €5 billion share buyback late Tuesday
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SAP SE, which recently agreed to divest its stake in Qualtrics International Inc., is open to making acquisitions again if they are a “strategic fit,” Chief Financial Officer Dominik Asam said.
Asam spoke to Bloomberg after the announcement of a €5 billion ($5.4 billion) share buyback, precipitated by the company’s Qualtrics sale. The scale of that repurchase effort won’t limit the company’s ability to pursue deals if they make sense, he said.