Blackberry not a strategic fit for us - SAP CFO in magazine

FRANKFURT Sat Oct 26, 2013 6:24pm IST

Passers-by walk in front of a BlackBerry service centre in Jakarta September 25, 2013. REUTERS/Beawiharta/Files

Passers-by walk in front of a BlackBerry service centre in Jakarta September 25, 2013.

Credit: Reuters/Beawiharta/Files

Related Topics

Stocks

   
Kishore Pandey, 82, lies on a bed as his daughter, Usha Tiwari, holds him and a priest stands by them (L) at Mukti Bhavan (Salvation House) in Varanasi, in the northern Indian state of Uttar Pradesh, June 19, 2014. REUTERS/Danish Siddiqui

Waiting to die at Salvation House

The city of Varanasi is Hinduism's holiest city and many Hindus believe that dying there and having their remains scattered in the Ganges allows their soul to escape a cycle of death and rebirth.  Slideshow 

FRANKFURT (Reuters) - German business software group SAP (SAPG.DE) is not interested in bidding for troubled smart phone maker Blackberry (BB.TO), its chief financial officer told a German magazine.

"Blackberry doesn't fit with our strategy," Werner Brandt told Euro am Sonntag in an interview, adding that SAP already offers mobile solutions and did not need to fill any gaps there.

BlackBerry, based in Canada, once dominated the smartphone market but has put itself up for sale after being overtaken by Apple's (AAPL.O) iPhone and devices using Google Inc's (GOOG.O) Android operating system.

There seems to be no shortage of interest in Blackberry. SAP, along with Cisco Systems Inc (CSCO.O) and Google, was in talks about a full or partial acquisition, sources close to the matter had previously told Reuters.

Its co-founders are also considering a bid, and a group led by property and casualty insurer Fairfax (FFH.TO) last month unveiled a tentative offer of $9 a share.

Former Apple Inc boss John Sculley and Chinese computer maker Lenovo (0992.HK) have also been reported as interested in a deal for Blackberry. (Reporting by Victoria Bryan; Editing by Catherine Evans)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

TECH SHOWCASE

Apple Results

Apple Results

Apple margin concerns fade, focus shifts to iPhone launch  Full Article 

Expansion Plans

Expansion Plans

EBay plans to expand in Russia despite sanctions.  Full Article 

Outlook Weighs

Outlook Weighs

Qualcomm posts higher quarterly results  Full Article 

'Selfie' Boom

'Selfie' Boom

Sony invests in image sensor production amid 'selfie' boom.  Full Article 

Cyberfraud Case

Cyberfraud Case

Seven arrests made in $1.6 million StubHub cyberfraud case  Full Article 

Q2 Below Forecast

Q2 Below Forecast

AT&T revenue misses estimates as promotion weighs on revenue  Full Article 

WhatApp Leak

WhatApp Leak

Israel detains soldiers after WhatsApp leaks about Gaza casualties   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage