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SAP moves to buy Sybase

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SAP moves to buy Sybase

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Shares of SAP fell on Thursday after the German software company offered to buy smaller US rival Sybase.

SAP, which is the world’s biggest maker of programmes for managing business tasks such as accounting, is offering 4.6 billion euros.

Analysts said SAP was finally catching up to rivals by growing through acquisitions but pointed out it has had mixed success with maximising its investment in previous purchases.