Broadcom deal to buy SAS falls apart

Talks for Broadcom Inc. to purchase SAS Institute Inc. have ended after the founders of the intently held software program firm modified their thoughts a couple of sale, individuals accustomed to the matter mentioned.

The Wall Road Journal reported Monday that the companies were discussing a deal that may worth SAS within the vary of $15 billion to $20 billion, together with any debt. Following the report, Jim Goodnight and John Sall, who co-founded SAS many years in the past and nonetheless run the corporate, had a change of coronary heart and determined to not promote to Broadcom, the individuals mentioned. Whether or not one other suitor for SAS may emerge isn’t clear.


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