SAP has signed a definitive merger agreement to acquire Sybase, Inc., in a transaction that will bring them together, to enable companies to become better-run "unwired enterprises". As a result of this transaction, customers will be able to better harness today's explosion of data and deliver information and insight in real time to business consumers wherever they work so they can make faster, more informed decisions. Companies will benefit from greater productivity, speed and agility to help their businesses grow. Under the terms and conditions of the merger agreement, SAP America, Inc., will make an all-cash tender offer for all of the outstanding shares of Sybase common stock at $65 per share, representing an enterprise value of approximately $5.8 billion.
Both SAP and Sybase will benefit from synergies across product lines and markets. SAP will accelerate the reach of its solutions across mobile platforms and drive forward the realization of its in-memory computing vision. Sybase's innovative mobile platform can connect all applications and data (SAP and non-SAP) and enable them on mobile devices.
Bill McDermott, co-CEO, SAP & Member of the SAP Executive Board, said, "This is a game-changing transaction for SAP and Sybase customers, who will be better able to connect their employees with key functionality and information from anywhere and make it easier for companies to make faster, more informed business decisions in real time. With SAP's customer-centric approach, we are resolute in our commitment to support Sybase customers to be best-run businesses."
The two companies announced that Sybase will operate as a standalone unit under the name "Sybase, an SAP Company".
