[Reuters] SAP to buy Ariba, boosts cloud bet

Posted by: UGN Security

[Reuters] SAP to buy Ariba, boosts cloud bet - 05/23/12 04:10 AM

SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market.