SAP AG (SAP, SAP.XE) once more extended its tender offer to acquire SuccessFactors Inc. (SFSF), citing a wait for approval from the Committee on Foreign Investment in the U.S.

The German software company has now extended the deadline four times for that reason, although it revealed Thursday that it has waived a condition that the approval be garnered before the expiration of the tender offer.

SAP in December offered to buy the online human-resources software provider for $40 a share, or roughly $3.4 billion. The new tender deadline is Feb. 15. As of Wednesday at 5 p.m. EST, about 85.9% of SuccessFactors' shares outstanding had been tendered.

SuccessFactors, based in San Mateo, Calif., offers online services that help manage employees and carry out performance reviews.

SAP's American depositary shares closed Wednesday at $63.53, while SuccessFactors' shares closed at $39.83. Neither was active premarket.

-By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

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