LOGIN | REGISTER NOW | SUBSCRIBE
 
 
News on Monday
more>>
SharePoint Tech Report
more>>


   

 
 
Download Current Issue
ISSUE 2/1/2010 PDF

Need Back Issues?
DOWNLOAD HERE

Receive the print Edition?


 
blogs tab
Is Microsoft eyeing Office subscription pricing?
Microsoft may be preparing to offer a new Office pricing option called "union," which charges the same for cloud as on-premises.
02/01/2010 09:38 AM EST

Facebook rewrites PHP runtime
Facebook is about to open source its own PHP runtime, written from scratch for speed.
01/30/2010 08:53 PM EST

There WILL be a JavaOne this year
JavaOne will happen in 2010, as a co-located event with Oracle's OpenWorld, on Sept. 19-23 in San Francisco.
01/27/2010 01:02 PM EST

 

Events calendar tab
Macworld 2010
2/9/2010 to 2/13/2010
San Francisco
IDG World Expo

SPTechCon 2010
2/10/2010 to 2/12/2010
San Francisco
BZ Media

PyCon 2010 (Python Conf.)
2/17/2010 to 2/25/2010
Atlanta
Python Software Foundation

Southern Calif. Linux Expo
2/19/2010 to 2/20/2010
Los Angeles
SCALE

IBM Pulse
2/21/2010 to 2/24/2010
Las Vegas
IBM


 
print Printable version 
Most Read Latest News Blog Resources
Facebook brings HipHop to PHP
HipHop compiles PHP to speed up the Web layer at world's most popular social networking si...

Syncfusion announces component suite for .NET 4
Essential Studio 2010 has business intelligence, reporting and UI controls, ready for .NET...

Oracle acquires AmberPoint
Today's merger will probably affect most of AmberPoint's existing partnerships with other ...

Digg!  Digg
Reddit  Reddit
Slashdot  Slashdot
Share on facebook  Facebook
Share on Twitter  Twitter

Oracle Gets Its BEA...For $8.5B


Once rebuffed, the world's third-largest software maker increased its offer from $6.7 billion for BEA Systems, which agreed to the deal.

By David Rubinstein
January 16, 2008 — 
Oracle Corp. today announced it has reached a deal to acquire BEA Systems for US$8.5 billion, just a few months after its initial offer of $6.7 billion was rebuffed.

Oracle will pay $19.375 in cash per outstanding BEA share; the company said that BEA's $1.3 billion cash on hand brings the price of the deal down to $7.2 billion.

In October, Oracle offered $17 per share for BEA, which has experienced persistent revenue shortfalls from software sales. But BEA left that offer on the table, despite the offer being about 25 percent above BEA's one-year stock price average of $13.62 per share. At that time, BEA was looking for $21 per share, which Oracle called "impossibly high."

SD Times reported in its Nov. 15, 2007 issue that Oracle had decided to abandon the takeover proposal, but apparently the company maintained its interest. Oracle was bolstered by financier Carl Icahn, BEA's largest single shareholder, who was prodding BEA to accept a deal.

Oracle has made 35 high-value acquisitions since 2005, with the total expenditure exceeding $31 billion. The company has a market capitalization of about $110 billion.

An hour after the stock market opened, BEA's stock was up more than 19 percent, to $18.58 per share, while Oracle's stock price was off less than 1 percent to $21.23 per share.


Share this link: http://www.sdtimes.com/link/31626
 

Add comment


Name*
Email*  
Country     


  • Comment
  • Preview
Loading