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SAP reportedly buying Sybase for $6 billion

The rumored merger would dramatically expand SAP's technology portfolio

By Chris Kanaracus, IDG News Service
May 12, 2010 04:12 PM ET

IDG News Service - 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.

Also see: 2010's top tech M&A deals

The merger could be announced later Wednesday, but may also fail to be completed, the report added.

The rumored acquisition sent shares of Sybase stock rocketing up about 41 percent to $58.86 in late trading.

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

SAP and Sybase could not immediately be reached for comment Wednesday.

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