Sage share price jumps following acquisition rumours

UK-based tech company rumoured to be in talks with IBM and SAP

UK tech group Sage has seen a +1.32 per cent increase in its share price following Computing's story yesterday that it is rumoured to be in acquisition talks with both SAP and IBM.

Sage's share price peaked at 287.70p, up 17p from 277.00p yesterday morning. This was one of the biggest share rises on the London Stock Exchange's leading index yesterday.

Neither Sage nor its UK partner Datel, were willing to comment on the rumours.