Deal's Off: SAS Institute Says No To Acquisition By Broadcom

Deal's Off: SAS Institute Says No To Acquisition By Broadcom


Deal’s Off: SAS Institute Says No To Acquisition By Broadcom
SAS Institute says it is ‘not up for sale,’ and a Wall Street Journal report says that Broadcom’s potential $20 billion acquisition deal with SAS has been shelved.
By
Joseph F. Kovar July 13, 2021, 08:37 PM EDT
It appears that business analytics and data management software giant SAS Institute doesn’t want to become part of Broadcom after all.
The Wall Street Journal reported late Tuesday that SAS Institute has ended acquisition talks with San Jose, Calif.-based semiconductor manufacturer Broadcom.
An SAS Institute spokesperson told CRN on Tuesday that Jim Goodnight, co-founder and CEO of SAS, has sent a message to all employees in which he said, “We are not up for sale.” SAS remains focused on furthering innovation to serve its customers, the spokesperson said.

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