By Sabela OjeaSilver Lake is acquiring Software AG for about 2.2 billion euros ($2.42 billion), the German software maker said Friday. The Software AG Foundation supports the deal and is selling a 25.1% stake to Silver Lake, it said, noting that Silver Lake aims to delist Software AG shares. Software AG said its board welcomed the voluntary public tender offer and intends to recommend its approval. Silver Lake had already invested EUR344 million in Software AG via a convertible bond in Feb. 2022. (END) Dow Jones Newswires04-24-23 0214ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal April 24, 2023 06:25 UTC