Oct. 27 at 8:08 PM
Rumour:
$SAP made a
$60/share offer for
$BL which was rejected earlier this year - no talks currently being held
The 2 companies having a long-standing partnership, BlackLine's leadership likely decided that the bid was not high enough to warrant giving up control of the company.
BlackLine has attracted takeover interest from multiple potential buyers previously.
BlackLine is engaged in providing financial accounting close solutions delivered as SaaS. The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revs is earned in the US
