×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Ariba, Agile call it off

Published on .

Most Popular
Mountain View, Calif.--Once high-flying Internet e-commerce company Ariba Inc. called off its $2.55 billion deal to acquire Agile Software Corp. and has plans to cut about 700 of its 2,100 employees. The one-time bellwether of Internet boom times, Ariba was counting on the acquisition of San Jose-based Agile to push it into the so-called collaborative manufacturing space. Today, Ariba specializes in procurement services for indirect goods, which are supplies that are not essential to the actual products or services a company sells. Ariba's stock has been clobbered since the deal was announced in January, sinking from around $40 to less than $5 a share at deadline Tuesday.
In this article: