Correction at 10:07 a.m. PST on February 27: An earlier version of this report cited a source's claim that SAP added a change-of-control policy, aka a golden parachute for executives. An SAP representative said there is no such policy.
Microsoft investors, don't hold your breath that Redmond is about to dump its pursuit of hottie Yahoo and change its flirtatious stance with SAP into something more serious.
Sure, Microsoft and SAP have discussed a potential merger executive to executive for a number of years, but it's never risen beyond that level to be fully vetted by SAP's supervisory board, which would ultimately need to give its blessing for such a deal to get done, said one SAP insider.
"There's been small talk and we have walked around and flirted a bit, but it's never been a serious look," said the source.
And now, with various reports coming out that Microsoft should dump the Yahoo buyout bid, in favor of another deal, such as an SAP merger as one report noted in The New York Times, this source noted that Microsoft lost its chance to acquire SAP at a deep discount several years ago when it was cheap, cheap, cheap.
"Hasso (Plattner, co-founder) and the board have said if Microsoft wanted to buy us, they should have made an offer three or four years ago when we were so cheap," noted the source.
Indeed. SAP's stock currently trades around $28 a share, compared with roughly a third of that level back in 2003. … Read more