SAP could eye Tibco takeover
SAP, the German software group, is interested in acquiring Californian rival Tibco, Der Aktionaer suggested. The German magazine pointed out that SAP only recently said that it may consider expanding its cloud computing operations via acquisitions and claimed that Tibco is likely to be one of the top potential targets. The report claimed that it would be the perfect time to make a move on Tibco, especially as the company recently failed to meet the high growth demands of the market.
Unidentified sector experts told Der Aktionaer that SAP is not likely to be deterred by the fact that a takeover of Tibco would cost more than USD 4bn. The German group has spent billions on deals in the past.
The article noted that SAP reportedly showed an interest in Tibco as early as 2009, but that Tibco made clear it was not interested in a deal. The report speculated that Tibco may be more willing to listen to offers now.
Source Der Aktionaer