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SAP Hires Adviser to Sell Litmos, Reuters Reports

--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.

 

Full story: https://www.reuters.com/business/exclusive-germanys-sap-hires-adviser-1-bln-litmos-software-sale-sources-2022-05-03/

 

(END) Dow Jones Newswires

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

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