SAP AG Not in Talks to Sell Itself, CEO Says

German software giant SAP AG (SAP) says the company isn’t in talks to sell itself, the Wall Street Journal reports. SAP co-chief executive Jim Hagemann Snabe adds that the over 30% increase in the company’s PPS over the last year, which added €20 billion ($27.5 billion) to its market value, makes it a less attractive target.

“The best medicine for SAP to stay independent is to stay successful,” Mr. Snabe said in an interview at the CeBit technology conference in Hannover, Germany.

SAP gained fractionally to $60.40 in recent action.

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