According to Bloomberg News, Tradeshift and Basware are closing in on a deal. Basware specializes in automating corporate financial management and is a competitor to Tradeshift. The Basware stock rose yesterday, as rumours were that Tradeshift will pay EUR 45 per share. A bid of EUR 45 per share corresponds to an EUR 651m bid. Basware reported a turnover of EUR 144m and EBITDA of EUR 5.7m the LTM, corresponding to an EV/Sales 4.6x.