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by Jeff Moad, MA Editorial Staff Posted on Friday, October 12, 2007 4:30:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | Acquisition could help Oracle elbow IBM out of second place in the middleware arena. |
| Keywords: | Oracle acquisition spree, Oracle acquisition |
Oracle Corp. today stepped up its long courtship of middleware software vendor BEA Systems Inc. with an unsolicited bid to buy the company for $6.66 billion in cash. The deal, if approved by BEA's board of directors and regulators, would continue Oracle's aggressive growth-through-acquisition strategy and would pose a challenge to Oracle's two principal middleware competitors: IBM and Microsoft. Oracle said it was prepared to pay $17 per share for BEA. That represented a 25% premium over BEA's share price of $13.62 at the time of Oracle's announcement. By press time today, BEA's shares had risen to $18.13, up over 33%. [Click to continue]  |
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