Oracle is muscling in on SAP's bid to buy software maker Retek, saying it plans to best its rival's US$8.50 per share offer with a US$9 bid on Wednesday in the US.
SAP is trying to steal away customers that rival Oracle captured in its winning bid for software maker Retek.
SAP has increased its offer for Retek in an effort to hold its ground against Oracle's hostile counterbid for the retail software specialist.
European antitrust regulators ruled Tuesday that Oracle can proceed with its hostile takeover bid for PeopleSoft, clearing the last regulatory hurdle in the protracted and sometimes tumultuous battle.
SAP has no plans to join Oracle and get involved in the megamerger game.
How many vendors do you usually evaluate when trying to determine the best solution for a contract? Ten? Twenty? How about 100?
OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
Oracle on Friday announced a surprise US$5.1 billion takeover bid for enterprise software maker PeopleSoft, only a few days after PeopleSoft said it was acquiring rival J.D. Edwards for $1.7 billion.
NAB may send around 400 jobs overseas in a bid to improve operational efficiencies.
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
The software maker files plans to take over rival J.D. Edwards with the Justice Department and the Federal Trade Commission, despite being the target of an Oracle buyout bid.
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