On May 22, 2012, SAP AG and Ariba, Inc. announced that SAP’s subsidiary, SAP America, Inc., has entered into an agreement to acquire Ariba, the leading cloud-based business commerce network, for $45.00 per share, representing an enterprise value of approximately $4.3 billion. The acquisition was completed on October 1, 2012, and combines Ariba's successful buyer-seller collaboration network with SAP’s broad customer base and deep business process expertise to create new models for business-to-business collaboration in the cloud.
In early 2014, SAP began the first phase of the legal integration of Ariba with SAP. In the course of this first phase, SAP intends to merge Ariba Deutschland GmbH into SAP SE as set out in the following publication pursuant to Sec. 62 para. 3 sent. 2 half sent. 1 UmwG.