Oracle offers an acquisition deal to BEA Systems
Acquisitions October 13th, 2007
Oracle offers an acquisition deal to BEA Systems
Oracle has announced an offer to buy rival company BEA Systems for a price of around USD 6.7 Billion.
This is their latest acquisition bid as they continue to expand their product portfolio to challenge SAP and IBM in the service industry market.
BEA Systems specializes in making middleware applications which helps companies run software applications run more smoothly on top of databases.
Their bid is around 25% above their existing stock price at the market.
William Klein, BEA’s vice president of business planning and development had earlier said on a lower bid by Oracle: “It is apparent to our board…that BEA is worth substantially more to Oracle, to others and, importantly, to our shareholders than the price indicated.”
Popularity: 11% [?]
Tags: BEA Systems, Oracle
Related Posts
MTC Technologies being acquired by BAE Systems
IBM completes takeover of Internet Security Systems
Oracle completes acquisition of BEA Systems
IBM acquires Internet Security Systems for USD 1.3 Billion
Cisco Systems to acquire surveillance company SyPixx Networks

About










Leave a Comment