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Wednesday, May 13, 2009

Microsoft CEO refutes talks of SAP buy as rumours

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Microsoft's issue of $3.75 billion debt on Monday had sparked talks of possible bidding for the German firm

 

Microsoft Corp Chief Executive Steve Ballmer on Tuesday said reports the company may buy German software firm SAP were a random rumour. "I have nothing to say about rumours of acquisitions… positively or negatively," he said, when asked about an acquisition of SAP.

 

"It strikes me as a random rumour." Microsoft on Monday sold a $3.75 billion debt issue, sparking talk that it could be readying a bid for the German firm.

 

Source: The Economic Times

 

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