SAP (SAPG.DE) said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence in supply-chain financing and working capital management.
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Google parent Alphabet plans in the coming weeks to stop using Oracle financial software and instead start using software from SAP, CNBC has learned
The companies did not reveal the purchase price, but Bloomberg reported earlier this week that the deal could be worth $1.2 billion.
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