The European Commission has approved the acquisition of Sybase by SAP, which was the final regulatory approval needed for the deal to proceed. SAP is offering $65 per share cash for a total purchase of about $5.8 billion via a tender offer. The deal would give ownership of Sybase’s SQL Anywhere, PowerBuilder and a very far reaching mobile technology and messaging network. Besides its financial applications, SAP also owns business intelligence powerhouse BusinessObjects. Sybase had net income of $164 million and $1.2 billion in revenue for the year ended Dec. 31, 2009. Read more...