Concur Technologies Exploring a Possible Sale

Shares of Concur Technologies NASDAQ:CNQR) are trading sharply higher in after hours trade following a Bloomberg TV report that the company may be exploring a possible sale. According to the report, Oracle ORCL or SAP SE SAP may have an interest in acquiring Concur, which manages business and expense software. Oracle, SAP SE, and Concur Technologies have all declined comment. Shares of CNQR are trading up nearly 12 percent after hours, last quoted at 112.50.