Two months ago the once mighty Canadian-based mobile manufacturer BlackBerry Inc put themselves up for sale. It wasn't long before the technology community started swooping in to make offers for all or part of the company. According to a report by Reuters one of those suitors, German-based SAP, has now decided that they don't really want BlackBerry after all.
This statement comes just three weeks after SAP first expressed interest in buying the beleaguered BlackBerry. One possible reason for the now lack of interest might also stem from the announcement, October 16,2013, that Mr. Brandt will be stepping down as CFO (chief financial officer). The move will see Luka Mucic taking over the position in July of next year. The upcoming change in CFO could signal a new direction that had no place for the once powerful BlackBerry.
“Luka Mucic is an internationally experienced financial expert and leader, with the highest reputation and trust throughout the company,” says Werner Brandt, SAP’s Chief Financial Officer and Director of Employee Relations. “I am very excited about his future appointment as CFO; Luka not only has an outstanding expertise in all business areas of SAP, but has also gained valuable international experience during his career at SAP. Over the next nine months, we will ensure a seamless transition of responsibility for the Finance department.”
Even though SAP is now out of the bidding war there are still plenty of companies vying for the Canadian-based company. A consortium led by Fairfax Financial Holdings Limited who made a 9 dollar a share (4.7 Billion dollar) bid in late September. Then earlier this month Samsung, Cisco and Google along with a few other companies including SAP showed interest. Then as latecomer to the party China-based PC manufacturer Levono joined in as a suitor for BlackBerry.
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