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SAP to buy Qualtrics for $8B

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German software corporation SAP announced it would buy U.S. survey software firm Qualtrics for $8 billion.

If finalized, the purchase would be the largest-ever buyout of a venture capital-backed enterprise software company, according to Axios.

SAP CEO Bill McDermott said the deal would be as transformative for the company as buying Instagram was for Facebook.

Read more from Axios.

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