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.
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 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 and BEA Systems have traded salvos over the series of events that led to Oracle's bid for the company.
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 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.
video Oracle CEO Larry Ellison promises a better PeopleSoft.
Is PeopleSoft's founder and long-time chief executive back at the helm to accept Oracle's takeover bid, or to dig in for a long-term battle?
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
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