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Google to buy software developer Apigee in US$625m deal
Alphabet Inc's Google is acquiring software developer Apigee Corp in a deal valued at about US$625 million in cash.
PHOTO: REUTERS
[SAN FRANSCISCO] Alphabet Inc's Google is acquiring software developer Apigee Corp in a deal valued at about US$625 million in cash.
Google will pay Apigee shareholders US$17.40 for each share held, a 6.5 per cent premium to the stock's Wednesday close.
Apigee went public in April last year at US$17 per share.
Apigee has an API platform, which allows a company's backend services to talk to mobile and web-based apps used by their customers and partners.
REUTERS
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