Wednesday 16 January 2008

Oracle to acquire BEA for $8.5Billion

It's finally been agreed. Oracle are to acquire BEA for $8.5 Billion. It was a long time coming but lets face it was always pretty inevitable.

Oracle Strikes Deal to Buy BEA Systems for $8.5 Billion

By John Flowers

Oracle Corp. said it will acquire BEA Systems in a $8.5 billion deal three months after BEA slapped away an Oracle takeover offer as too low.

Oracle would pay $19.38 for each BEA share, a 24% premium to Tuesday's close price of $15.58.

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