SAP nears deal to buy Sybase for about $6 bln-report

NEW YORK, May 12 (BestGrowthStock) – SAP AG (SAPG.DE: ) is close to
acquiring Sybase Inc (SY.N: ) for $6 billion, Bloomberg reported
on Wednesday, in a deal that would give SAP a database that it
could sell to its customers alongside its top-selling line of
business management software.

Shares of Sybase were up about 40 percent to $58.20 per
share on the New York Stock Exchange after the report, which
cited two people with knowledge of the matter.

The report said the deal could be announced as early as on
Wednesday.

Sybase declined to comment. SAP was not immediately
available for comment.

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(Reporting by Paul Thomasch; editing by Carol Bishopric)

SAP nears deal to buy Sybase for about $6 bln-report