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Oracle to buy Siebel for $5.85bn

Discussion in 'General Discussions and Lounge' started by temi, Sep 12, 2005.

  1. temi

    temi Facilitator Webmaster

    Oracle bought fellow rival Peoplesoft at the end of last year
    Software giant Oracle is buying US rival Siebel Systems in a deal worth $5.85bn (£3.2bn) in cash and stock.
    Oracle is offering $10.66 per Siebel share, 16.8% more than Siebel's closing share price on Friday.

    source: news.bbc.co.uk/1/hi/business/4237810.stm

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