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