SAP Stresses It’s Not in Talks with Oracle

In response to the news that SAP CEO Henning Kagermann would listen if approached by Oracle about a merger, SAP has issued the following statement: “SAP is not in merger talks with Oracle, and there is absolutely no substance to this situation other than media speculation.”

The company stressed that Kagermann was responding to a hypothetical question, and that he is required to listen to all offers as part of his “fiduciary responsibility to SAP shareholders.