On Monday, reports surfaced that software company Broadcom was in talks to buy Cary-based SAS, a potential move that could affect thousands of workers across the Triangle.
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The Wall Street Journal reported that the move could happen in the coming weeks.
But Tuesday, a message from SAS CEO James Goodnight to employees said the company is "not for sale."
SAS is one of the largest employers in the Triangle.
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Estimates are that SAS would be valued at between $15 billion and $20 billion.
A SAS spokesperson confirmed to ABC11 that Goodnight sent a message to all employees in which he said "we are not up for sale."
"SAS remains focused on furthering innovation to serve our customers," the spokesperson added.