Published in News

SAP can’t buy Blackberry

by on28 October 2013

People know what it does

The expensive esoteric business management software outfit, which no one is quite sure what it does, is not going to buy the troubled Blackberry mobile phone outfit. SAP was named as one of the possible buyers of Blackberry, however its chief financial officer told a German magazine that was not happening.

Werner Brandt said that SAP’s strategy was very precise and Blackberry did not fit. He said that SAP already offers mobile solutions and did not need to fill any gaps. However there is no shortage of interest in Blackberry. Cisco and Google, was in talks about a full or partial acquisition. The company’s co-founders are also considering a bid and a group led by property and casualty insurer Fairfax last month unveiled a tentative offer of $9 a share.

Former Apple boss John Sculley and Chinese computer maker Lenovo have also been reported as interested in a deal for Blackberry.

Rate this item
(0 votes)

Read more about: