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BlackLine rejected takeover approach from SAP, Bloomberg reports

BlackLine (BL) has attracted takeover interest from suitors including SAP (SAP), people with knowledge of the matter told Bloomberg’s Ryan Gould and Dinesh Nair. The German software giant made a takeover approach to BlackLine earlier this year that valued the company in the high $60s per share, but the offer was rejected and there are no current talks being held with would-be buyers, the report stated.

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