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Sap SE XE:SAP XETRA Ordinary Share
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  -0.88 -0.83% 105.14 105.10 105.14 106.06 105.06 105.52 166,896 09:20:34

SAP Hires Adviser to Sell Litmos, Reuters Reports

04/05/2022 12:13am

Dow Jones News

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--SAP SE hired Moelis & Co. to help it sell corporate learning business Litmos, Reuters reported, citing three anonymous sources, who say the unit could fetch more than $1 billion.

--Moelis, Reuters reported, is to start an auction process, focusing on technology-focused private-equity funds in the U.S. and Europe.

--Representatives for SAP and Moelis declined to comment, Reuters said.


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(END) Dow Jones Newswires

May 03, 2022 18:58 ET (22:58 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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