What a day for M&A's!
After months-long dispute over the value of BEA Systems Inc., Oracle finally agreed to buy the middleware software company for about $7.85 billion USD. When all is said and done, this little purchase will cost Oracle around $8.5 Billion or close to 25% more than BEA's current market cap. I guess BEA was smart to refuse Oracle's previous offer of $6.7 Billion.
Of course, this comes as no surprise given Oracle's $25 Billion three-year buying spree, which included PeopleSoft, Siebel Systems, and Hyperion Solutions.
Mind-boggling if you ask me.
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