Oracle to Buy Siebel For $5.85 Billion
September 12, 2005[From internetnews.com]
Call it a major merger Monday.
Oracle (Quote, Chart) is again shaking up the enterprise software world with a $5.85 billion cash and stock deal to buy Customer Relationship Management (define) software maker Siebel Systems (Quote, Chart).
The deal, announced this morning, calls for Oracle to pay $10.66 per share for Siebel, with $3.61 billion net of Siebel's cash on hand of $2.24 billion.
The article continues at http://www.internetnews.com/ent-news/article.php/3547756