SAP to buy Ariba, enterprise value $4.3 billion

(Reuters) - SAP AG said it would buy smaller software maker Ariba Inc for $45 a share, representing an enterprise value of about $4.3 billion, the latest in a string of acquisitions to help fuel revenue growth at the German technology company. Ariba shares were about up about 19.2 percent to $44.88 on Nasdaq on Tuesday. Ariba shares had been halted prior to the announcement. SAP said the transaction would be funded from its free cash and a 2.4 billion euro ($3.06 billion) term loan facility. It said it expected the deal to close in the third quarter of this year. ...

Cannes gets 'trashed' with two meaty documentaries

Two high-profile documentaries exposing the impact of reckless waste dumping on local communities and public health brought a dose of consciousness-raising to the Cannes glamour fest Tuesday.