updated 02:05 pm EDT, Sat October 26, 2013
SAP doesn't see BlackBerry as strategic fit
The chief financial officer of SAP has dismissed the idea of the German business software group buying BlackBerry. Werner Brandt made the statement to a European magazine this week, according to Reuters, saying that acquiring BlackBerry would not fit in with the company's vision, as SAP does not have any gaps that need filling with regard to mobile solutions. Along with Google, Samsung, and others, SAP was seen by some as a potential bidder to buy some or all of BlackBerry.
"Blackberry doesn't fit with our strategy," Werner Brandt told Euro am Sonntag in an interview. Earlier in October, SAP's name was cast about with other tech giants that might be interested in BlackBerry. The Canadian smartphone maker has put itself up for sale, but no major players have stepped forward to express interest.
Recently, BlackBerry announced that it would take a $400 million write down due to higher than expected costs following a 4,500 person layoff. Low demand for its new handsets has led to BlackBerry having to continually cut staff and operations, but the company's losses have steadily mounted.
Chinese computer maker Lenovo has also been rumored as a potential buyer, and executives from the firm have openly pondered the possibility. The computer company has gone so far as to look at BlackBerry's finances according to a report from last week. Former Apple boss John Sculley has also been rumored to be interested in the struggling phone maker, but Sculley says that anyone buying the company would have to have considerable management experience in order to rescue it.
BlackBerry's largest shareholder, Fairfax Financial Holdings, tendered a $4.7 billion offer to take the company over. That offer remains on the table, but BlackBerry is still seeking out other potential buyers.