SAP reportedly buying Sybase for $6 billion

Wednesday, May 12, 2010 17:16
Posted in category Uncategorized

SAP is nearing a deal to buy mobile and database vendor Sybase for roughly $6 billion, Bloomberg reported on Wednesday, citing two individuals with knowledge of the company’s plans. The acquisition could be announced later today, but may also fail to be completed, the report added.

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If consummated, such a deal would significantly expand the technological footprint of SAP, which is known most of all for its ERP applications.

SAP and Sybase could not immediately be reached for comment.

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