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.

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