Ballmer poured cold water on SAP aquisition report

Posted: May 17, 2009 in Tech

Microsoft Corp. Chief Executive Steve Ballmer dismissed reports that Microsoft is looking to buy German software company SAP AG (SAP).

“That is just market rumor and market talk, and I will leave it at that,” Ballmer told a news conference. “I have nothing to say of rumors of acquisitions, positively or negatively.”

The rumor starter after Microsoft sold bonds to investors to raise $3.75 billion. The move sparked speculation that Microsoft could be planning to use the money for an acquisition.

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