Department Of Justice Investigates SAP, Carahsoft In $2B Price-Fixing Probe
Portfolio Pulse from Stjepan Kalinic
The U.S. Department of Justice is investigating SAP SE and Carahsoft Technology for alleged price-fixing in $2 billion worth of SAP technology sold to U.S. government agencies. The probe, ongoing since 2022, also involves other resellers like Accenture. SAP's stock fell 2.91% following the news.
September 25, 2024 | 4:37 pm
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NEUTRAL IMPACT
Accenture is being examined by the DOJ as part of a broader investigation into price-fixing involving SAP technology sold to U.S. government agencies.
Accenture is mentioned as part of the DOJ's broader investigation, but no specific allegations or impacts on its business have been detailed, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SAP SE is under investigation by the DOJ for alleged price-fixing in $2 billion worth of technology sold to U.S. government agencies. The news led to a 2.91% drop in SAP's stock price.
The DOJ investigation into SAP for price-fixing is a significant legal issue that has already impacted its stock price negatively. The potential for further legal consequences and financial penalties could continue to pressure the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100