In yet another ‘cloud’ deal, German software giant SAP buys U.S. travel specialist Concur for $7.3 billion. But it could be overpaying, says Reuters Breakingviews.
I think he says Boeing today in fact does want the biggest uses and you're with me now is not breaking views Dominic and hit. Teaching at the front it's boring is it because. And that says don't would -- the -- because it's too expensive. Well. Often times you gets. Pages share price falling in the wake and acquisitions. I mean. It is of one of the biggest fullest and Europe's. That's no great and I do think that he's ever hang on the actual share price drop on his side. Might not have you thought much I mean I think you know this thing laughing it clearly it -- a -- prospect of a -- cut. But I mean I think we do you know proposition read too much into but I still think that paying too much. -- -- -- brings blue chip clients right and -- say is I had to SATs. How to use and this is allowed to fifteen million from 68 million currently. Yeah there are definite benefits news as you said there are these I -- -- the blue chip clients a lot of us AP's clients currently. Small and and and midsized enterprises. And actually he's got these big declines of more than that American. I mean that's I could fit with SAP -- in SATs. -- things about 25% of its revenue from. America. And -- you know fall more tickets at a rate to 4%. Cited in the high -- is that Coca has this. Integrated network. -- side to it offers these travel software packages which. -- can give from a multitude of different supplies. What ones is sort of an integrated offering. As a -- didn't have god had sort of disparate. All options and you can sort of put together but it wouldn't give you. And it's great sense of your travel -- US traveler. For example I'm jewel -- tonight -- be able to say OK but. I'll look at what's I can get through conquer -- -- can. Get a new flights. I can put up or straight through the system I -- wonderful from you know an option many providers. As some S&P didn't have thoughts so bustling music got its network that it brings. But on the other hand. And for that network -- -- 1012 times has set sail boats at times historic sales Citigroup. Research suggests that it's the typical in the sector is about seven times to nine times. On historic sales and it doesn't it like it's pretty expensive. And it seems time and -- peace is not just last time is doing this kind of deal I think it's the -- can't deal with talking about. Beat back bloke here where that -- he has to get through Kenny gets written rather quickly. While. You know I think. You have to give pocket it hits the reason and it's -- -- has gone on this acquisition spree is. To try to really get its position in the clouds cemented and you know it's rival salesforce sales force has been growing much false than it outside its attempts at -- -- initiative but the problem is that. If you do too many deals are due out this integration risk that was a feeling that. The success -- to steal a few years back maybe had some of those problems that with integration. Irons. You know the more deals -- doing the tougher it gets. And I think you know yes they do need to do a few details but. This is their biggest to date. I'm -- sure they should be getting bigger. They should probably stop smoking for some small things. Rather than -- you know the big ticket numbers and of course digesting what makes you don't. -- great thank you very much as lovely -- and get that from breaking views for tomorrow breaking views agenda financial sensing inside what you US breaking the show every day. Says he Easton seventy it seems that CBS T I'm -- song and -- is what is.