Mergers & Acquisitions
Dec. 6, 2011
SAP to buy SuccessFactors for $3.4 billion
Jones Day helped German enterprise software giant SAP AG in a proposed buy of San Mateo-based SuccessFactors Inc. for $3.4 billion in a deal announced on Saturday. The buy comes as the cloud computing sector is seeing increased activity.
Daily Journal Staff Writer
PALO ALTO - Jones Day helped German enterprise software giant SAP AG in a proposed buy of San Mateo-based SuccessFactors Inc. for $3.4 billion in a deal announced on Saturday. The buy comes as the cloud computing sector is seeing increased activity.
Silicon Valley partners Daniel R. Mitz and Micheal J. Reagan led the Jones Day team on the buy.
With a purchase price of $40 per share, the d...
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