SAP Extends Offer to Acquire Sybase, Inc.
2 July 2010
SAP has extended its tender offer for Sybase. Originally set for 1 July, its deadline has been reset to 16 July as regulators examine the proposed deal worth A$6.5 billion.
Except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged. It has been extended because certain conditions to the tender offer have not yet been satisfied, including approval of the European Commission under European Union merger regulations. As of 1 July 2010, 87,780,002 shares of common stock of Sybase were issued and outstanding, and 72,515,333 shares of common stock of Sybase have been tendered into.
SAP’s strategy is to use Sybase's technology to extend its own software into the mobile market.
"Mobile devices are becoming the preferred interaction point with business applications, whether the user is a factory supervisor, a retail manager or an entrepreneur in a developing nation," said Jim Hagemann Snabe, co-chief executive of SAP when the deal was announced in May 2010.
It is planned to finalise the deal by the end of 2010.SAP Extends Offer to Acquire Sybase, Inc.
2 July 2010
SAP has extended its tender offer for Sybase. Originally set for 1 July, its deadline has been reset to 16 July as regulators examine the proposed deal worth A$6.5 billion.
Except for the extension... More
NSW Government Reveals Data Centre Shortlist
1 July 2010
The NSW Government has shortlisted five potential bidders in the state's data centre consolidation program. The state intends to consolidate 130 data centres into two sites over a 10 year period with... More
Standard Business Reporting Opens for Business
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Standard Business Reporting(SBR) was launched today for business, offering Australian businesses, accountants, book keepers, tax agents and payroll professionals a quicker and simpler way to complete... More
IBM & Dell Invest in IT Infrastructure Management Software
1 July 2010
IBM and Dell each separately announced yesterday acquisitions of IT infrastructure management and data centre automation software companies BigFix and Scalent respectively.
IBM announced it has... More
NSW DET CIO Leaves
29 June 2010
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Govt to Act On Queensland Health
29 June 2010
The Queensland Government will implement all seven of the Auditor General's recommendations contained in his report on the troubled Queensland Health payroll implementation.
Queensland Health will... More
HP and Avaya Sign Unified Communications Deal
29 June 2010
HP and Avaya today announced a deal that will see them combine their respective products in a unified communications platform.
As part of a three-year agreement, the companies are adding elements... More
Vodafone Hutchison Phases Out 3 Brand
28 June 2010
VODAFONE Hutchison Australia (VHA) has kicked off a multi-million-dollar rebranding exercise. The revamp, which costs tens of millions of dollars, will see all 93 of VHA's 3 mobile stores refitted as... More
Telstra CIO Quits
24 June 2010
Telstra today confirmed reports that John McInerney (Telstra's CIO since November 2008) had resigned the position effective immediately after several months on leave.
McInerney's deputy Ashley... More
NBN Co Shortlists Fibre Network Builders
23 June 2010
NBN Co today announced it will ask 21 key Australian companies including six utility companies to tender for the progressive rollout of the Fibre Access Network. NBN Co issued a Request for... More
