SAP to Buy Sybase for $5.8 Billion

Thursday May 13th 2010 by Datamation.com Staff
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SAP is offering $65.00 per share--all cash--for the mobile and database vendor.

CIO.com: On Wednesday, SAP announced that it will buy mobile and database vendor Sybase in an all-cash deal worth $5.8 billion. Sybase's board has voted to accept the offer of $65.00 per share, so the only remaining hurdle to the acquisition is clearance from anti-trust regulators.

The move will greatly expand the SAP's product line. "They're investing in two areas they think will be important for them," namely mobile technology and in-memory databases, both areas where Sybase is strong, said analyst Ray Wang, partner with Altimeter Group.

SAP says it plans to preserve the current road map for both companies, but will look for "the opportunity to cross-collaborate."

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