Google to buy Apigee API management platform for USD 625 mln

(Telecompaper) Google has agreed to acquire Apigee, the developer of an API management platform, for USD 625 million. Google offered USD 17.40 per share for the company, a small premium on its last closing price. Pending approval from Apigee stockholders and regulators, the takeover is expected to close by the end of 2016.