Oracle to buy BEA Systems for $8.5 billion

Jan 16 2008, 7:48am CST | by Luigi Lugmayr

Oracle announced that it has entered into an agreement to acquire BEA Systems, Inc., a leading provider of enterprise application infrastructure solutions.

The offer is valued at approximately $8.5 billion, or $7.2 billion net of BEA's cash on hand of $1.3 billion.
"The addition of BEA products and technology will significantly enhance and extend Oracle's Fusion middleware software suite," said Oracle CEO Larry Ellison. "Oracle Fusion middleware has an open "hot-pluggable" architecture that allows customers the option of coupling BEA's WebLogic Java Server to virtually all the components of the Fusion software suite. That's just one example of how customers can choose among Oracle and BEA middleware products, knowing that those products will gracefully interoperate and be supported for years to come."

The Board of Directors of BEA Systems has unanimously approved the transaction. It is anticipated to close by mid-2008, subject to BEA stockholder approval, certain regulatory approvals and customary closing conditions.
Via the Oracle site.

where to buy

Buy from Amazon

What Others Say about This

Philippines - Market factors to watch - Feb 15

MANILA, Feb 15 (Reuters) - Here are news stories and press reports which may influence local financial markets on Wednesday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES: - Roxas Holdings Inc holds annual stockholders' meeting, Turf Room, Manila Polo Club, ...
Full article at: Reuters More like this 43 minutes ago

Philippines - Market factors to watch - Feb 15

Don't miss ...

Technology News

Solar Powered Clothing: The Future of Mobile Charging...

Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.