Oracle plans to acquire middleware maker BEA Systems for US$8.5 billion in cash, the company announced on Wednesday. The move means Oracle will leapfrog IBM as the number one middleware player.
Oracle has offered to purchase rival BEA Systems for US$17 per share, a total of about US$6.66 billion in cash -- but BEA rejected the offer as too low.
Oracle and BEA Systems have traded salvos over the series of events that led to Oracle's bid for the company.
Oracle announced on Friday that it was extending to mid-September its deadline for tendering shares in its hostile bid for PeopleSoft.
If Oracle renews its bid for rival BEA Systems, it would come in at a price below its initial offer of US$17 a share, the company told analysts Wednesday.
Oracle may be celebrating its long-awaited union with PeopleSoft, but customers, employees and competitors have reason to worry.
As Microsoft's deadline for Yahoo to accept its takeover bid passes, the tech world is still waiting for information from either company on their wedding plans.
Supersize me. If technology companies ranging from software powerhouse Oracle to fast-growing Net hotshot Skype could share a motto, it would be that oft-ridiculed fast-food pitch.
Sun's $4.1 billion buyout of StorageTek is a huge bet: It's the last cash deal that size Sun will be able to make.
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
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