Financial Times: New Era Beckons for Software

"The software industry may well be heading for a radical realignment, but it is still too early for the end-game to begin according to most industry analysts and bankers after the surprise news that Microsoft and SAP had until recently been discussing a merger.

"No terms were proposed and no outside financial advisers were involved in the talks, according to one person familiar with the discussions. But the mere fact that the biggest US and European software companies even entertained the idea--and were willing to contemplate the huge regulatory and cultural obstacles such a deal would have entailed--points to how compelling they thought a combination might be..."

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