Oracle Offer for BEA Expires

Oracle's offer to acquire BEA at a price of $17 a share -- or $6.7 billion -- expired on Sunday, and Oracle has withdrawn the offer. Oracle has also responded to BEA's putative counteroffer of $21 a share, or about $8.3 billion, by saying that it was "impossibly high."

Still, most industry observers believe that a deal will happen sooner or later. BEA continues to perform below expectations, and investor Carl Icahn, who owns about 12 percent of the company, has complained about the board's response to the Oracle offer. And it's telling that no other company has come forward with a competing offer.

Oracle has made a lot of big acquisitions in the past several years. Do you think it's ready for another? Give me your Oracle story at [email protected].

Posted by Peter Varhol on October 30, 2007 at 11:57 AM


Featured

  • Broadcom Acquiring VMware in Third Largest Tech Deal in History

    Confirming reports that surfaced this weekend, semiconductor company Broadcom announced on Thursday that it was acquiring virtualization pioneer VMware for $61 billion.

  • Microsoft Build 2022 Keynote: AI and Cloud Take Center Stage

    Microsoft's role as builder of platforms for organizations was the theme of Tuesday's Build keynote by CEO Satya Nadella.

  • The 2022 Microsoft Product Roadmap

    Microsoft has a lot in the docket for 2022, including new products like SQL Server 2022, Exchange Subscription Edition and Visual Studio 2022 for Mac.

  • 2022 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss.