SAS Institute turns down Broadcom acquisition bid : vimarsan

SAS Institute turns down Broadcom acquisition bid


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 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.
Broadcom did not respond to a CRN request for comment by press time.
In recent years, Broadcom has been on an acquisition spree aimed at becoming a power player in the business software market. Broadcom acquired infrastructure software developer CA Technologies in late 2018 for US$18.9 billion, cybersecurity software vendor Symantec in late 2019 for US$10.7 billion, and storage networking specialist Brocade Communications in 2017 for US$5.5 billion.

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