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1) IBM'S Gerstner Says Company Was Close to Buying SAP - in 1996: International Business Machines Corp. came close to buying Germany's
SAP AG, the biggest maker of business software, in 1996, the
Financial Times reported, citing IBM Chairman Lou Gerstner's
book "Who Says Elephants Can't Dance?"
IBM had recently acquired Lotus Development Corp., another business
software company, and was poised to buy SAP when Gerstner, who was
then chief executive officer, vetoed the transaction and instead took
IBM out of the business software business, the newspaper said.