01/16/2008: Oracle Corp. (NasdaqGS:ORCL) / BEA Systems Inc.
2008 Deals You Should Be Familiar With – Oracle / BEA Systems
Deal Synopsis
Acquirer: Oracle
Target: BEA Systems
Date: 1/16/2008
Deal Size: $8.3 Billion
Software giant Oracle Corp. bought rival BEA Systems Inc. just months after its initial offer was rejected.
Oracle CEO Larry Ellison said BEA CEO Alfred Chuang was “a pioneer in middleware,” a type of software used by big businesses. With BEA under its wing, Ellison said he intends for Oracle to become a leader in middleware.
Investment banks involved:
Goldman Sachs