Business software maker SAP AG (SAP) has ended talks to acquire Jive Software Inc. (JIVE), the Bloomberg News reported Friday, citing people familiar with the matter.
SAP held discussions within recent weeks to acquire Jive Software, a maker of social-networking applications for businesses, the report stated.
Waldorf, Germany-based SAP reportedly decided Jive's products overlapped too much with its own and wouldn't add enough market share to SAP.
A spokesman for SAP declined comment to Bloomberg and a spokeswoman for Jive also had no comment on the news.
Jive shares closed Friday at $16.67, up 5.68%, while SAP was down by 2.98% at $75.87.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.