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Oracle to buy BEA

by on18 January 2008


$7.85 billion

has bought BEA for $7.85 billion, ending a long dispute over the value of the company.

The move will boost Oracle's position in the "middleware" market. The offer for BEA is much better than Oracle's previous bid, which was chucked in October. Oracle offered $17 a share while BEA's Board of Directors wanted $21 per share.

The Directors unanimously approved Wednesday's offer.
Last modified on 19 January 2008
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